https://www.taxtmi.com/caselaws?id=10826 The Tribunal dismissed the appeal regarding the computation of book profits under section 115J of the Income-tax Act, 1961 for the assessment year 1990-91. It held that the transfer from the revaluation reserve should be included in the net profit for computing book profits, in accordance with the proviso to clause (i) of the Explanation to section 115J(1A). The decision emphasized adherence to statutory provisions, rejecting the appellant's arguments and upholding the Revenue's position. en-us Thu, 09 Sep 2004 00:00:00 +0530 Sat, 25 Jul 2009 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10826 The Tribunal dismissed the appeal regarding the computation of book profits under section 115J of the Income-tax Act, 1961 for the assessment year 1990-91. It held that the transfer from the revaluation reserve should be included in the net profit for computing book profits, in accordance with the proviso to clause (i) of the Explanation to section 115J(1A). The decision emphasized adherence to statutory provisions, rejecting the appellant's arguments and upholding the Revenue's position. Case-Laws Income Tax Thu, 09 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10826