https://www.taxtmi.com/caselaws?id=117479 The Tribunal partially allowed the revenue's appeal. It remanded the issue concerning the Rs. 10,00,000 addition back to the AO for fresh consideration, directing the AO to allow the assessee to produce details of sundry creditors. The Tribunal upheld the CIT(A)'s decision to exclude capital gains from book profits computation under Section 115JA, affirming that exempt income under one provision cannot be taxed under another. en-us Wed, 22 Jun 2005 00:00:00 +0530 Tue, 30 Apr 2024 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117479 The Tribunal partially allowed the revenue's appeal. It remanded the issue concerning the Rs. 10,00,000 addition back to the AO for fresh consideration, directing the AO to allow the assessee to produce details of sundry creditors. The Tribunal upheld the CIT(A)'s decision to exclude capital gains from book profits computation under Section 115JA, affirming that exempt income under one provision cannot be taxed under another. Case-Laws Income Tax Wed, 22 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117479