https://www.taxtmi.com/caselaws?id=275040 The Tribunal dismissed the Revenue's appeal concerning the computation of book profit under section 115JA for a tea manufacturing company, emphasizing the debatable nature of the issue. Despite the Assessing Officer's rectification under section 154 and disputes over Rule 8 application, the Tribunal upheld the CIT(Appeals) decision to grant relief to the assessee due to the complexity arising from a slump sale. The Tribunal ruled in favor of the assessee, highlighting the varying figures of book profit computed and the debatable nature of the issue, ultimately favoring the assessee in the case. en-us Fri, 23 Jun 2017 00:00:00 +0530 Sun, 16 Sep 2018 18:22:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275040 The Tribunal dismissed the Revenue's appeal concerning the computation of book profit under section 115JA for a tea manufacturing company, emphasizing the debatable nature of the issue. Despite the Assessing Officer's rectification under section 154 and disputes over Rule 8 application, the Tribunal upheld the CIT(Appeals) decision to grant relief to the assessee due to the complexity arising from a slump sale. The Tribunal ruled in favor of the assessee, highlighting the varying figures of book profit computed and the debatable nature of the issue, ultimately favoring the assessee in the case. Case-Laws Income Tax Fri, 23 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275040