https://www.taxtmi.com/caselaws?id=338943 The Tribunal ruled in favor of the assessee, holding that the share income from the Association of Persons (AOP) should not be taxed under normal provisions of the Income Tax Act. Additionally, the Tribunal decided that the share income from the AOP should be excluded from the computation of book profit under Section 115JB, applying a curative amendment retrospectively. The appeal filed by the assessee was allowed, overturning the decisions of the Assessing Officer and the Commissioner of Income Tax (Appeals). en-us Thu, 19 Jan 2017 00:00:00 +0530 Wed, 15 Feb 2017 08:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338943 The Tribunal ruled in favor of the assessee, holding that the share income from the Association of Persons (AOP) should not be taxed under normal provisions of the Income Tax Act. Additionally, the Tribunal decided that the share income from the AOP should be excluded from the computation of book profit under Section 115JB, applying a curative amendment retrospectively. The appeal filed by the assessee was allowed, overturning the decisions of the Assessing Officer and the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Thu, 19 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338943