https://www.taxtmi.com/caselaws?id=260603 The Tribunal held that the book profit under Section 115JB should be computed based on the net gain credited in the Profit & Loss account, not considering indexed long-term capital gains. The inclusion of long-term capital gains on sale of equity shares in book profit was rejected. However, the Tribunal allowed the deduction of Securities Transaction Tax (STT) in computing book profit. The appeal was partly allowed, with the decision pronounced on 10th June 2015. en-us Wed, 10 Jun 2015 00:00:00 +0530 Wed, 17 Jun 2015 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260603 The Tribunal held that the book profit under Section 115JB should be computed based on the net gain credited in the Profit & Loss account, not considering indexed long-term capital gains. The inclusion of long-term capital gains on sale of equity shares in book profit was rejected. However, the Tribunal allowed the deduction of Securities Transaction Tax (STT) in computing book profit. The appeal was partly allowed, with the decision pronounced on 10th June 2015. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260603