https://www.taxtmi.com/caselaws?id=275097 The appellate tribunal dismissed the revenue's appeal against the deletion of an addition under section 115JB of the Income Tax Act for the assessment year 2012-13. The CIT(A) correctly deleted the addition after considering the provisions and explanations of the Act, noting the proper treatment of MAT credit while calculating book profit. The tribunal upheld the CIT(A)'s decision, emphasizing the importance of accurately interpreting tax laws and following statutory requirements in determining tax liabilities, particularly in the context of calculating book profit under section 115JB. en-us Mon, 08 Aug 2016 00:00:00 +0530 Wed, 19 Sep 2018 05:45:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275097 The appellate tribunal dismissed the revenue's appeal against the deletion of an addition under section 115JB of the Income Tax Act for the assessment year 2012-13. The CIT(A) correctly deleted the addition after considering the provisions and explanations of the Act, noting the proper treatment of MAT credit while calculating book profit. The tribunal upheld the CIT(A)'s decision, emphasizing the importance of accurately interpreting tax laws and following statutory requirements in determining tax liabilities, particularly in the context of calculating book profit under section 115JB. Case-Laws Income Tax Mon, 08 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275097