https://www.taxtmi.com/caselaws?id=345974 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, dismissing the Appeal regarding the reworking of book profits under Section 115JB of the Income Tax Act for the Assessment year 2004-05. The Tribunal found no error in deleting the addition under Section 115JB, emphasizing the significance of judicial precedents, including the judgments in Apollo Tyres Ltd. v. C.I.T. and Akshay Textiles Trading and Agencies Pvt. Ltd. The case underscored the importance of adhering to proper accounting treatment and complying with relevant provisions in determining book profits. en-us Tue, 18 Jul 2017 00:00:00 +0530 Mon, 31 Jul 2017 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345974 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision, dismissing the Appeal regarding the reworking of book profits under Section 115JB of the Income Tax Act for the Assessment year 2004-05. The Tribunal found no error in deleting the addition under Section 115JB, emphasizing the significance of judicial precedents, including the judgments in Apollo Tyres Ltd. v. C.I.T. and Akshay Textiles Trading and Agencies Pvt. Ltd. The case underscored the importance of adhering to proper accounting treatment and complying with relevant provisions in determining book profits. Case-Laws Income Tax Tue, 18 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345974