https://www.taxtmi.com/caselaws?id=70992 The Tribunal upheld the Assessing Officer's decision to add Rs. 21,27,993 to the net profit for computing "book profit" under section 115J of the Income-tax Act, 1961. It confirmed the CIT(A)'s order, rejecting the assessee's appeal. The Tribunal held that the liability for interim relief was not ascertained during the relevant previous year as it was quantified after the accounting year ended. Therefore, the sum should be added back to the "book profit" as per Explanation (c) to section 115J. en-us Mon, 12 Jun 1995 00:00:00 +0530 Wed, 20 Apr 2011 16:11:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70992 The Tribunal upheld the Assessing Officer's decision to add Rs. 21,27,993 to the net profit for computing "book profit" under section 115J of the Income-tax Act, 1961. It confirmed the CIT(A)'s order, rejecting the assessee's appeal. The Tribunal held that the liability for interim relief was not ascertained during the relevant previous year as it was quantified after the accounting year ended. Therefore, the sum should be added back to the "book profit" as per Explanation (c) to section 115J. Case-Laws Income Tax Mon, 12 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70992