https://www.taxtmi.com/caselaws?id=210836 HC dismissed the Revenue's appeal challenging deletion of addition to book profits under s.115JB. The Assessing Officer had alleged that the assessee intentionally prepared an incorrect profit and loss account. HC held that once the company's accounts, including the profit and loss account, are certified under the Companies Act, the Assessing Officer cannot re-examine whether they are prepared in accordance with that Act. Relying on the SC ruling in Apollo Tyres Ltd., HC upheld the Tribunal's deletion of the addition. The appeal was dismissed with no order as to costs. en-us Wed, 20 Jul 2011 00:00:00 +0530 Mon, 01 Dec 2025 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210836 HC dismissed the Revenue's appeal challenging deletion of addition to book profits under s.115JB. The Assessing Officer had alleged that the assessee intentionally prepared an incorrect profit and loss account. HC held that once the company's accounts, including the profit and loss account, are certified under the Companies Act, the Assessing Officer cannot re-examine whether they are prepared in accordance with that Act. Relying on the SC ruling in Apollo Tyres Ltd., HC upheld the Tribunal's deletion of the addition. The appeal was dismissed with no order as to costs. Case-Laws Income Tax Wed, 20 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210836