https://www.taxtmi.com/caselaws?id=118455 The tribunal upheld the Assessing Officer's decision to reopen the assessment under section 147, dismissing the appellant's challenge. Cash compensatory support was deemed taxable due to a retrospective amendment. The tribunal ruled against adjusting the book profit for gratuity liability under section 115J, as it was not specified for adjustment. Set off of losses under section 115J was denied based on legal provisions, leading to the dismissal of the appeal. en-us Thu, 02 Mar 2006 00:00:00 +0530 Sat, 30 Jun 2012 17:27:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118455 The tribunal upheld the Assessing Officer's decision to reopen the assessment under section 147, dismissing the appellant's challenge. Cash compensatory support was deemed taxable due to a retrospective amendment. The tribunal ruled against adjusting the book profit for gratuity liability under section 115J, as it was not specified for adjustment. Set off of losses under section 115J was denied based on legal provisions, leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 02 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118455