https://www.taxtmi.com/caselaws?id=237616 The High Court dismissed the appeal challenging adjustments for computing book profits under Section 115JA of the Income Tax Act for the Assessment Year 1997-98. The appellant's contentions regarding disallowances under various sections, including Section 40A(3) and Section 43B, and the imposition of Minimum Alternate Tax (MAT) were not accepted. The Court held that failure to challenge the computation under Section 115JA before the tribunal barred the appellant from raising it in the fourth appeal, leading to the dismissal of the appeal. en-us Mon, 29 Jul 2013 00:00:00 +0530 Wed, 02 Oct 2013 22:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237616 The High Court dismissed the appeal challenging adjustments for computing book profits under Section 115JA of the Income Tax Act for the Assessment Year 1997-98. The appellant's contentions regarding disallowances under various sections, including Section 40A(3) and Section 43B, and the imposition of Minimum Alternate Tax (MAT) were not accepted. The Court held that failure to challenge the computation under Section 115JA before the tribunal barred the appellant from raising it in the fourth appeal, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 29 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237616