https://www.taxtmi.com/caselaws?id=330490 The High Court upheld the Tribunal's decision in an appeal against the Commissioner of Income Tax (Appeals) judgment regarding the computation of book profit for the assessment year 2001-02. The Court clarified that provisions for diminution in the value of investment were not deductible under Section 115JB, as no actual increase in book profit occurred. The appeal was dismissed, and each party was directed to bear their own costs. en-us Thu, 23 Jun 2016 00:00:00 +0530 Wed, 10 Aug 2016 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330490 The High Court upheld the Tribunal's decision in an appeal against the Commissioner of Income Tax (Appeals) judgment regarding the computation of book profit for the assessment year 2001-02. The Court clarified that provisions for diminution in the value of investment were not deductible under Section 115JB, as no actual increase in book profit occurred. The appeal was dismissed, and each party was directed to bear their own costs. Case-Laws Income Tax Thu, 23 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330490