https://www.taxtmi.com/caselaws?id=70959 The ITAT ruled in favor of the assessee, determining that "income-tax" under Explanation (a) to sub-section (2) of section 115JA of the Income-tax Act, 1961, does not include interest on income-tax. The Tribunal emphasized the distinct legal meanings of "income-tax" and "interest," thereby excluding interest from book profit calculations, allowing the appeal and overturning the prior decision. en-us Fri, 27 Jan 2006 00:00:00 +0530 Fri, 22 Mar 2024 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70959 The ITAT ruled in favor of the assessee, determining that "income-tax" under Explanation (a) to sub-section (2) of section 115JA of the Income-tax Act, 1961, does not include interest on income-tax. The Tribunal emphasized the distinct legal meanings of "income-tax" and "interest," thereby excluding interest from book profit calculations, allowing the appeal and overturning the prior decision. Case-Laws Income Tax Fri, 27 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70959