M/S. STERLING STEELS & WIRES LTD. vs D.C.I.T., JALANDHAR — C.A. No. 2017/2006

Case under Section IV. Status: Disposed.

Disposed

CNR: SCIN010049502005

Filing Date

02-Mar-2005

Registration No

C.A. No. 2017/2006

Diary Number

4950/2005

Order Date

11-Sep-2012

Document Type

ROP - of Main Case

Disposal Type

Dismissed

Last updated 18-Jun-2026

Acts & Sections

Section IV

Petitioner(s)

  1. 1.M/S. STERLING STEELS & WIRES LTD.

    Adv. RANI CHHABRA

Respondent(s)

  1. 1.D.C.I.T., JALANDHAR

Case History

  1. Case disposedDisposed

  2. 11-Sep-2012

    ROP - of Main CaseView PDF

  3. 10-Apr-2006

    ROP - of Main CaseView PDF

  4. 25-Nov-2005

    ROP - of Main CaseView PDF

  5. 15-Apr-2005

    ROP - of Main CaseView PDF

  6. 02-Mar-2005

    Case filed

    Registration No. C.A. No. 2017/2006

View Full Judgment
casestatus.in Summary

Case Summary: Sterling Steels & Wires Ltd. v. D.C.I.T., Jalandhar Outcome: The Supreme Court dismissed Sterling Steels & Wires Ltd.'s civil appeal on September 11, 2012. The court held that amounts transferred from Revaluation Reserve to Profit and Loss Appropriation Account must be added to net profit for Book Profits computation under Section 115J of the Income Tax Act, 1961 (Assessment Year 1990-1991), following the precedent in Indo Rama Synthetics (I) Ltd. The case was remitted to the Assessing Officer for recalculation in accordance with this ruling. No costs were awarded. This case analysis is maintained by casestatus.in based on publicly available court records.

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