1998 (2) TMI 123 - SCH - Income Tax

Summary

The Supreme Court dismissed the appeal in favor of the Revenue regarding the interpretation of section 40A(7)(b)(ii) of the Income-tax Act, 1961. The appellant was not entitled to claim deduction of Rs. 11,96,413 as it was not provided for in the relevant accounting years. The appeal was dismissed with no order as to costs.