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Judgment Search Results Home > Cases Phrase: rationale Court: income tax appellate tribunal itat kolkata Year: 1999 Page 1 of about 1 results (0.044 seconds)

Jul 14 1999 (TRI)

Gkw Ltd. Vs. Joint Commissioner of Income-tax

Court : Income Tax Appellate Tribunal ITAT Kolkata

Decided on : Jul-14-1999

Reported in : (2000)74ITD161(Kol.)

..... rendered inoperative with effect from the assessment year 1991-92 by an amendment made to sub-section (1) by the finance act, 1990 with effect from 1-4-1990. the rationale offered by the government for the introduction of section 115ja remains the same as was given when somewhat similar provisions were introduced for the first time by the finance act ..... , litigations etc., provisions of section 80vva and section 115 j were given go-by but again the need was felt and the present section 115ja was introduced with the same rationale. the present scheme is more or less a replica of the provisions of section 115 j with certain important changes such as losses shall not include depreciation and book profit .....

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