https://www.taxtmi.com/caselaws?id=174575 The ITAT upheld the CIT (Appeals) decision, dismissing the revenue's appeal regarding the allowance of rebate under Section 88E before calculating book profit under Section 115JB of the Income Tax Act. The ITAT held that the rebate provisions apply after computing total income under Section 115JB, entitling the assessee to the rebate for STT paid. Additionally, the CIT (Appeals) directed adjustment of STT already paid against any tax liability, leading to the dismissal of the revenue's appeal and upholding of the CIT (Appeals) order. en-us Thu, 21 Apr 2011 00:00:00 +0530 Mon, 21 Aug 2023 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174575 The ITAT upheld the CIT (Appeals) decision, dismissing the revenue's appeal regarding the allowance of rebate under Section 88E before calculating book profit under Section 115JB of the Income Tax Act. The ITAT held that the rebate provisions apply after computing total income under Section 115JB, entitling the assessee to the rebate for STT paid. Additionally, the CIT (Appeals) directed adjustment of STT already paid against any tax liability, leading to the dismissal of the revenue's appeal and upholding of the CIT (Appeals) order. Case-Laws Income Tax Thu, 21 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174575