https://www.taxtmi.com/caselaws?id=69427 The Tribunal upheld the CIT's order under section 263, dismissing the appeal. It confirmed that the loss on revaluation of investments and the provision for doubtful debts should be added back to the book profits under section 115J. The Tribunal found the assessee's claims to be an attempt to avoid tax, not allowable under the law. en-us Wed, 23 Sep 1998 00:00:00 +0530 Wed, 06 Apr 2011 17:06:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69427 The Tribunal upheld the CIT's order under section 263, dismissing the appeal. It confirmed that the loss on revaluation of investments and the provision for doubtful debts should be added back to the book profits under section 115J. The Tribunal found the assessee's claims to be an attempt to avoid tax, not allowable under the law. Case-Laws Income Tax Wed, 23 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69427