https://www.taxtmi.com/caselaws?id=180955 The ITAT Mumbai allowed the appeals for assessment years 2004-05 & 2005-06, as the provisions of section 115JB were found not applicable to the appellant banking company. The ITAT also set aside the orders passed under section 154 for modifying book profits retrospectively, emphasizing the need for a detailed examination before such modifications. en-us Tue, 27 Mar 2012 00:00:00 +0530 Fri, 07 Jul 2017 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180955 The ITAT Mumbai allowed the appeals for assessment years 2004-05 & 2005-06, as the provisions of section 115JB were found not applicable to the appellant banking company. The ITAT also set aside the orders passed under section 154 for modifying book profits retrospectively, emphasizing the need for a detailed examination before such modifications. Case-Laws Income Tax Tue, 27 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180955