https://www.taxtmi.com/caselaws?id=214250 The High Court held that the net profit of Rs. 24,85,760, as per the profit and loss account, should be accepted without further deductions for bonus and donations. The court ruled in favor of the Revenue, setting aside the Tribunal's decision and emphasizing adherence to the Supreme Court's precedent in Apollo Tyres Ltd. v. CIT. en-us Wed, 03 Aug 2011 00:00:00 +0530 Mon, 25 Jun 2012 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214250 The High Court held that the net profit of Rs. 24,85,760, as per the profit and loss account, should be accepted without further deductions for bonus and donations. The court ruled in favor of the Revenue, setting aside the Tribunal's decision and emphasizing adherence to the Supreme Court's precedent in Apollo Tyres Ltd. v. CIT. Case-Laws Income Tax Wed, 03 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214250