https://www.taxtmi.com/caselaws?id=216582 The Tribunal upheld the CIT(A)'s order, dismissing the assessee's appeal. The appeal was dismissed, affirming that the computation of book profits under Section 115JB must adhere to the net profit as shown in the profit and loss account prepared under the Companies Act, without adjustments for brought forward losses or unabsorbed depreciation not reflected in the books of account. en-us Mon, 12 Sep 2011 00:00:00 +0530 Fri, 14 Sep 2012 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216582 The Tribunal upheld the CIT(A)'s order, dismissing the assessee's appeal. The appeal was dismissed, affirming that the computation of book profits under Section 115JB must adhere to the net profit as shown in the profit and loss account prepared under the Companies Act, without adjustments for brought forward losses or unabsorbed depreciation not reflected in the books of account. Case-Laws Income Tax Mon, 12 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216582