https://www.taxtmi.com/caselaws?id=240460 The Tribunal ruled in favor of the assessee regarding the exclusion of a surplus amount arising from the premature payment of deferred sales tax loan from the total income under Sec. 115JB of the Income Tax Act. The Tribunal also held that the surplus amount could not be excluded from the book profits under section 115JB, partially allowing the revenue's appeal. The decision considered relevant provisions and past decisions, ultimately resulting in a partial victory for the revenue. en-us Mon, 26 Aug 2013 00:00:00 +0530 Thu, 05 Dec 2013 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240460 The Tribunal ruled in favor of the assessee regarding the exclusion of a surplus amount arising from the premature payment of deferred sales tax loan from the total income under Sec. 115JB of the Income Tax Act. The Tribunal also held that the surplus amount could not be excluded from the book profits under section 115JB, partially allowing the revenue's appeal. The decision considered relevant provisions and past decisions, ultimately resulting in a partial victory for the revenue. Case-Laws Income Tax Mon, 26 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240460