https://www.taxtmi.com/caselaws?id=71954 The Tribunal dismissed both the assessee's and the Revenue's appeals, upholding the CIT(A)'s decisions. Statutory deductions under Section 42 are not applicable for computing book profit under Section 115JA. The computation must strictly adhere to the provisions of the Companies Act, and any additions or deletions in the book profit must align with the net profit shown in the profit and loss account filed with the Registrar of Companies. en-us Thu, 31 Jan 2008 00:00:00 +0530 Wed, 12 Jun 2013 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71954 The Tribunal dismissed both the assessee's and the Revenue's appeals, upholding the CIT(A)'s decisions. Statutory deductions under Section 42 are not applicable for computing book profit under Section 115JA. The computation must strictly adhere to the provisions of the Companies Act, and any additions or deletions in the book profit must align with the net profit shown in the profit and loss account filed with the Registrar of Companies. Case-Laws Income Tax Thu, 31 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71954