https://www.taxtmi.com/caselaws?id=151741 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal regarding the determination of book profit under section 115JA of the Income-tax Act, 1961. The Tribunal held that the provision for obsolescence loss and reduction in inventory value did not fall under the provisions of section 115JA, emphasizing adherence to specific provisions and definitions in the Income-tax Act and the Companies Act. en-us Mon, 09 Apr 2007 00:00:00 +0530 Sat, 15 Jun 2013 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151741 The Tribunal allowed the assessee's appeal and dismissed the Revenue's appeal regarding the determination of book profit under section 115JA of the Income-tax Act, 1961. The Tribunal held that the provision for obsolescence loss and reduction in inventory value did not fall under the provisions of section 115JA, emphasizing adherence to specific provisions and definitions in the Income-tax Act and the Companies Act. Case-Laws Income Tax Mon, 09 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151741