https://www.taxtmi.com/caselaws?id=331121 The Tribunal held that post-merger, the income and book profits of the merged entity must be assessed together as a single unit. Separate assessment of the merging company's book profits under Section 115JB was deemed impermissible. The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s direction to combine the accounts of both companies for computing book profits. en-us Wed, 03 Aug 2016 00:00:00 +0530 Sat, 13 Aug 2016 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331121 The Tribunal held that post-merger, the income and book profits of the merged entity must be assessed together as a single unit. Separate assessment of the merging company's book profits under Section 115JB was deemed impermissible. The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s direction to combine the accounts of both companies for computing book profits. Case-Laws Income Tax Wed, 03 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331121