https://www.taxtmi.com/caselaws?id=328054 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's cross-objections. It affirmed the CIT(A)'s decisions on loss claims, depreciation, and provisions written back. Additionally, it upheld the application of Section 115JB for Minimum Alternate Tax based on the profit declared in the original return, rejecting the challenge based on fraudulent entries in the original return. en-us Wed, 11 May 2016 00:00:00 +0530 Mon, 23 May 2016 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328054 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's cross-objections. It affirmed the CIT(A)'s decisions on loss claims, depreciation, and provisions written back. Additionally, it upheld the application of Section 115JB for Minimum Alternate Tax based on the profit declared in the original return, rejecting the challenge based on fraudulent entries in the original return. Case-Laws Income Tax Wed, 11 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328054