https://www.taxtmi.com/caselaws?id=65554 The Tribunal upheld the CIT(A)'s decision to admit an additional ground related to the provision for Fringe Benefit Tax (FBT) in the calculation of book profit under section 115JB. It was determined that FBT provisions need not be added back for computing book profit under section 115JB, as the legislative language specifically referred to "income-tax" without incorporating FBT. The absence of an amendment to include FBT in the Explanation indicated that FBT provisions should not be added back. The Tribunal ruled in favor of the assessee, dismissing the Revenue's appeal and affirming the CIT(A)'s decision. en-us Fri, 29 Jan 2010 00:00:00 +0530 Mon, 18 Sep 2023 22:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65554 The Tribunal upheld the CIT(A)'s decision to admit an additional ground related to the provision for Fringe Benefit Tax (FBT) in the calculation of book profit under section 115JB. It was determined that FBT provisions need not be added back for computing book profit under section 115JB, as the legislative language specifically referred to "income-tax" without incorporating FBT. The absence of an amendment to include FBT in the Explanation indicated that FBT provisions should not be added back. The Tribunal ruled in favor of the assessee, dismissing the Revenue's appeal and affirming the CIT(A)'s decision. Case-Laws Income Tax Fri, 29 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65554