https://www.taxtmi.com/caselaws?id=376378 The High Court upheld the Tribunal's decision to delete additions in the computation of book profit under Section 115JB of the Income Tax Act, including provisions for bad and doubtful debts, revenue from trial run production, and sales tax subsidy. The Court also supported the deletion of additions related to various expenses and liabilities, as they were found to result in double disallowance. The Court directed communication of the order to the Tribunal for further proceedings, with the respondent's counsel indicating agreement with the decision. en-us Mon, 04 Mar 2019 00:00:00 +0530 Thu, 07 Mar 2019 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376378 The High Court upheld the Tribunal's decision to delete additions in the computation of book profit under Section 115JB of the Income Tax Act, including provisions for bad and doubtful debts, revenue from trial run production, and sales tax subsidy. The Court also supported the deletion of additions related to various expenses and liabilities, as they were found to result in double disallowance. The Court directed communication of the order to the Tribunal for further proceedings, with the respondent's counsel indicating agreement with the decision. Case-Laws Income Tax Mon, 04 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376378