https://www.taxtmi.com/caselaws?id=176200 The Tribunal reversed the decision of the Assessing Officer (A.O.) and upheld the appellant's claim for adjustment of brought forward losses and depreciation before allowing exemption u/s 10B, citing recent legal pronouncements. However, the Tribunal remanded the issue of non-allowance of provision for fringe benefit tax from book profits u/s 115JB back to the A.O. for reconsideration, emphasizing the need for a detailed examination and providing the appellant with a reasonable opportunity to present their case. en-us Fri, 10 Aug 2012 00:00:00 +0530 Thu, 07 Sep 2017 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176200 The Tribunal reversed the decision of the Assessing Officer (A.O.) and upheld the appellant's claim for adjustment of brought forward losses and depreciation before allowing exemption u/s 10B, citing recent legal pronouncements. However, the Tribunal remanded the issue of non-allowance of provision for fringe benefit tax from book profits u/s 115JB back to the A.O. for reconsideration, emphasizing the need for a detailed examination and providing the appellant with a reasonable opportunity to present their case. Case-Laws Income Tax Fri, 10 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176200