https://www.taxtmi.com/caselaws?id=203790 The appeal was partly allowed for statistical purposes, with several issues remitted back to the CIT(A) for further consideration and determination in accordance with the law. Key points included the computation of book profits under Section 115JB, treatment of cessation of liability, disallowance of prior period expenses, disallowance of cash expenses, and interest charged under various sections. The Tribunal clarified principles for book profit computation and remanded specific issues for reevaluation, ensuring adherence to legal provisions. en-us Wed, 05 Jan 2011 00:00:00 +0530 Fri, 24 Aug 2012 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203790 The appeal was partly allowed for statistical purposes, with several issues remitted back to the CIT(A) for further consideration and determination in accordance with the law. Key points included the computation of book profits under Section 115JB, treatment of cessation of liability, disallowance of prior period expenses, disallowance of cash expenses, and interest charged under various sections. The Tribunal clarified principles for book profit computation and remanded specific issues for reevaluation, ensuring adherence to legal provisions. Case-Laws Income Tax Wed, 05 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203790