https://www.taxtmi.com/caselaws?id=352297 The appellant challenged the CIT(A)'s orders confirming the disallowance of expenses and computation of book profit under Section 115JB. The Tribunal found errors in sustaining the disallowance based on estimation and guesswork without proper examination of expenses. The AO was directed to compute tax liability under Section 115JB in accordance with Supreme Court rulings. All appeals were allowed for statistical purposes, with issues remanded for fresh consideration. The order was pronounced on August 25, 2017. en-us Fri, 25 Aug 2017 00:00:00 +0530 Tue, 12 Dec 2017 09:34:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352297 The appellant challenged the CIT(A)'s orders confirming the disallowance of expenses and computation of book profit under Section 115JB. The Tribunal found errors in sustaining the disallowance based on estimation and guesswork without proper examination of expenses. The AO was directed to compute tax liability under Section 115JB in accordance with Supreme Court rulings. All appeals were allowed for statistical purposes, with issues remanded for fresh consideration. The order was pronounced on August 25, 2017. Case-Laws Income Tax Fri, 25 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352297