COMMISSIONER OF INCOME TAX, KANPUR ETC. v. M-S. MOTHER INDIA REFRIGERATION INDUSTRIES (P) LTD. ETC

Citation: [1985] SUPP. 2 S.C.R. 556

Court: Supreme Court of India

Bench: V.D. TULZAPURKAR, SABYASACHI MUKHERJI, RANGANATH MISRA

Case summary

In these appeals and the tax reference the common question arising for determination relates to the priority the ITO held that the carried forward loss could not be given priority over the current year's depreciation in the matter of set off and completed the assessment...

Judgment text

In these appeals and the tax reference the common question arising for determination relates to the priority the ITO held that the carried forward loss could not be given priority over the current year's depreciation in the matter of set off and completed the assessment...