https://www.taxtmi.com/caselaws?id=368155 The Tribunal upheld the decision based on the High Court's ruling and dismissed the appeal filed by the appellant challenging the order of the Commissioner of Income Tax (Appeals) under section 250 of the Income Tax Act. The appellant's contentions regarding the taxation of Net Profit declared in the Profit & Loss Account as Book Profit under section 115JB of the Act and the eligibility to claim brought forward losses under the same section were rejected. The Tribunal found no reason to interfere with the Commissioner of Income Tax (Appeals) finding, resulting in the dismissal of the appeal. en-us Wed, 01 Aug 2018 00:00:00 +0530 Mon, 19 Jul 2021 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368155 The Tribunal upheld the decision based on the High Court's ruling and dismissed the appeal filed by the appellant challenging the order of the Commissioner of Income Tax (Appeals) under section 250 of the Income Tax Act. The appellant's contentions regarding the taxation of Net Profit declared in the Profit & Loss Account as Book Profit under section 115JB of the Act and the eligibility to claim brought forward losses under the same section were rejected. The Tribunal found no reason to interfere with the Commissioner of Income Tax (Appeals) finding, resulting in the dismissal of the appeal. Case-Laws Income Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368155