https://www.taxtmi.com/caselaws?id=183588 The Tribunal allowed the appeal filed by the assessee, setting aside the order passed under Section 263 of the Income-tax Act. It held that the assessee's losses from previous years were available for set off in the current year for determining book profits under Section 115JB(2). The Tribunal found no error in the Assessing Officer's order allowing the deduction of Rs. 1,13,01,457/- in determining book profit, ultimately ruling in favor of the assessee. en-us Thu, 28 Jul 2011 00:00:00 +0530 Tue, 04 Apr 2023 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183588 The Tribunal allowed the appeal filed by the assessee, setting aside the order passed under Section 263 of the Income-tax Act. It held that the assessee's losses from previous years were available for set off in the current year for determining book profits under Section 115JB(2). The Tribunal found no error in the Assessing Officer's order allowing the deduction of Rs. 1,13,01,457/- in determining book profit, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 28 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183588