https://www.taxtmi.com/caselaws?id=69880 The Tribunal upheld the Deputy Commissioner of Income Tax's computation of book profit under section 115J, dismissing the appeal due to correct alignment with Companies Act provisions. Additionally, the disallowance of certain expenses related to telephone and motor car expenses was overturned, with the Tribunal ruling in favor of the assessee that all expenses were incurred for business purposes, leading to the partial allowance of the appeal on this issue. en-us Mon, 07 Sep 1998 00:00:00 +0530 Tue, 12 Apr 2011 15:41:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69880 The Tribunal upheld the Deputy Commissioner of Income Tax's computation of book profit under section 115J, dismissing the appeal due to correct alignment with Companies Act provisions. Additionally, the disallowance of certain expenses related to telephone and motor car expenses was overturned, with the Tribunal ruling in favor of the assessee that all expenses were incurred for business purposes, leading to the partial allowance of the appeal on this issue. Case-Laws Income Tax Mon, 07 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69880