https://www.taxtmi.com/caselaws?id=39747 For section 23A(1) purposes, the relevant figure is the real commercial or accounting profit, not merely the assessed profit or book profit. Disallowances may be added back where they represent suppressed income or inflated expenditure, because such amounts do not lose their commercial character by reason of accounting treatment. On the facts, the disallowed spare parts and maintenance claim was treated as an excess and inadequately supported expenditure claim, so it could be brought back into the profit computation for dividend purposes. en-us Wed, 21 Aug 1974 00:00:00 +0530 Tue, 20 Apr 2010 10:48:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39747 For section 23A(1) purposes, the relevant figure is the real commercial or accounting profit, not merely the assessed profit or book profit. Disallowances may be added back where they represent suppressed income or inflated expenditure, because such amounts do not lose their commercial character by reason of accounting treatment. On the facts, the disallowed spare parts and maintenance claim was treated as an excess and inadequately supported expenditure claim, so it could be brought back into the profit computation for dividend purposes. Case-Laws Income Tax Wed, 21 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39747