https://www.taxtmi.com/caselaws?id=70666 The Tribunal allowed both appeals by the revenue, holding that the tax on distributed dividends should be added back to the book profit under section 115JA. The Tribunal concluded that the tax on distributed profits constitutes income tax, aligning with the legislative intent and previous decisions. Consequently, the Tribunal set aside the CIT(A)'s order and reinstated that of the Assessing Officer, emphasizing that only income tax paid or payable should be added back to the net book profit, not other taxes like wealth tax. en-us Fri, 10 Mar 2006 00:00:00 +0530 Sat, 15 Jun 2013 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70666 The Tribunal allowed both appeals by the revenue, holding that the tax on distributed dividends should be added back to the book profit under section 115JA. The Tribunal concluded that the tax on distributed profits constitutes income tax, aligning with the legislative intent and previous decisions. Consequently, the Tribunal set aside the CIT(A)'s order and reinstated that of the Assessing Officer, emphasizing that only income tax paid or payable should be added back to the net book profit, not other taxes like wealth tax. Case-Laws Income Tax Fri, 10 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70666