https://www.taxtmi.com/caselaws?id=335003 The court ruled in favor of the assessee, holding that relief under section 54EC could be granted in an assessment under Section 115JB. The assessing officer cannot disregard entries in the profit and loss account without specific statutory provisions. The court emphasized that Section 115JB allows for the application of all other provisions of the Income Tax Act unless specifically barred by that section itself, distinguishing it from Section 115J. The departmental appeal was dismissed without costs. en-us Wed, 09 Nov 2016 00:00:00 +0530 Sat, 18 Jul 2020 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335003 The court ruled in favor of the assessee, holding that relief under section 54EC could be granted in an assessment under Section 115JB. The assessing officer cannot disregard entries in the profit and loss account without specific statutory provisions. The court emphasized that Section 115JB allows for the application of all other provisions of the Income Tax Act unless specifically barred by that section itself, distinguishing it from Section 115J. The departmental appeal was dismissed without costs. Case-Laws Income Tax Wed, 09 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335003