https://www.taxtmi.com/caselaws?id=371512 The appellate tribunal upheld the Principal Commissioner of Income-tax's (PCIT) order, determining that the assessment order was erroneous and prejudicial to the interests of the Revenue. The tribunal agreed that the Assessing Officer (AO) failed to consider the tax implications of the amalgamation scheme, specifically regarding the computation of 'Book Profit' under section 115JB. Consequently, the tribunal dismissed the assessee's appeal and affirmed the PCIT's order under section 263. en-us Thu, 29 Nov 2018 00:00:00 +0530 Wed, 05 Dec 2018 06:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371512 The appellate tribunal upheld the Principal Commissioner of Income-tax's (PCIT) order, determining that the assessment order was erroneous and prejudicial to the interests of the Revenue. The tribunal agreed that the Assessing Officer (AO) failed to consider the tax implications of the amalgamation scheme, specifically regarding the computation of 'Book Profit' under section 115JB. Consequently, the tribunal dismissed the assessee's appeal and affirmed the PCIT's order under section 263. Case-Laws Income Tax Thu, 29 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371512