https://www.taxtmi.com/caselaws?id=176704 The Karnataka High Court ruled in favor of the assessee regarding the interpretation of miscellaneous income for deduction under section 36(1)(vii) of the Income Tax Act, based on a previous judgment. The court also sided with the revenue on the treatment of lease equalization reserve and provisions for contingencies when calculating Book Profit under section 115JB, aligning with another judgment. The appeal was disposed of without costs, providing clarity on these tax-related issues. en-us Wed, 09 Oct 2013 00:00:00 +0530 Thu, 03 Nov 2016 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176704 The Karnataka High Court ruled in favor of the assessee regarding the interpretation of miscellaneous income for deduction under section 36(1)(vii) of the Income Tax Act, based on a previous judgment. The court also sided with the revenue on the treatment of lease equalization reserve and provisions for contingencies when calculating Book Profit under section 115JB, aligning with another judgment. The appeal was disposed of without costs, providing clarity on these tax-related issues. Case-Laws Income Tax Wed, 09 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176704