https://www.taxtmi.com/caselaws?id=153259 The High Court allowed the Revenue's appeal, upholding the addition of Rs. 53 lakhs to the company's book profits under section 115JB of the Income Tax Act. The Court considered the retrospective effect of the amendment introduced by the Finance Act, ruling in favor of the Revenue based on the statutory provisions and the impact of the amendment on the case. The Tribunal's decision in favor of the assessee was overturned, resulting in an increased tax liability for the company. en-us Thu, 17 Sep 2009 00:00:00 +0530 Thu, 12 Jan 2017 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153259 The High Court allowed the Revenue's appeal, upholding the addition of Rs. 53 lakhs to the company's book profits under section 115JB of the Income Tax Act. The Court considered the retrospective effect of the amendment introduced by the Finance Act, ruling in favor of the Revenue based on the statutory provisions and the impact of the amendment on the case. The Tribunal's decision in favor of the assessee was overturned, resulting in an increased tax liability for the company. Case-Laws Income Tax Thu, 17 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153259