https://www.taxtmi.com/caselaws?id=216549 The Tribunal allowed the Assessee's appeal in a case concerning the computation of book profits under section 115JB of the Income Tax Act, 1961. The Tribunal held that the Commissioner's revision order under section 263, which raised new issues not part of the original assessment or appeal, was improper. It emphasized the importance of restricting proceedings to issues raised in the initial assessment and appeal stages, ultimately quashing the revision order related to additional items in the book profits calculation. en-us Fri, 29 Jun 2012 00:00:00 +0530 Fri, 31 Aug 2012 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216549 The Tribunal allowed the Assessee's appeal in a case concerning the computation of book profits under section 115JB of the Income Tax Act, 1961. The Tribunal held that the Commissioner's revision order under section 263, which raised new issues not part of the original assessment or appeal, was improper. It emphasized the importance of restricting proceedings to issues raised in the initial assessment and appeal stages, ultimately quashing the revision order related to additional items in the book profits calculation. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216549