https://www.taxtmi.com/forum/issue?id=4454 Section 115JA requires comparing an assessee's total income under the Act with a proportion of its book profit to decide if deemed book profit must be treated as total income. The central issue is whether that comparison is to be made before or after set off of brought forward losses: one view holds that a pre-set-off comparison controls and avoids book profit computation when pre-set-off income exceeds the threshold; another view insists post-set-off nil taxable income necessitates book profit computation. en-us Wed, 01 Aug 2012 14:30:36 +0530 Thu, 23 Jan 2025 15:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4454 Section 115JA requires comparing an assessee's total income under the Act with a proportion of its book profit to decide if deemed book profit must be treated as total income. The central issue is whether that comparison is to be made before or after set off of brought forward losses: one view holds that a pre-set-off comparison controls and avoids book profit computation when pre-set-off income exceeds the threshold; another view insists post-set-off nil taxable income necessitates book profit computation. Discussion-Forum Income Tax Wed, 01 Aug 2012 14:30:36 +0530 https://www.taxtmi.com/forum/issue?id=4454