https://www.taxtmi.com/caselaws?id=378393 The High Court dismissed the Revenue's appeal against the ITAT judgment regarding the disallowance of book profit under clause (f) to Explanation 1 u/S. 115JB of the Income Tax Act, 1961. The appeal was deemed not maintainable due to the low tax effect falling below the threshold limit set by the CBDT Circular. The Court emphasized the importance of Section 268A provisions in regulating appeals and clarified that the exception clause for composite orders did not apply in this case, leading to the dismissal of the appeal. en-us Tue, 02 Apr 2019 00:00:00 +0530 Mon, 15 Apr 2019 07:11:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378393 The High Court dismissed the Revenue's appeal against the ITAT judgment regarding the disallowance of book profit under clause (f) to Explanation 1 u/S. 115JB of the Income Tax Act, 1961. The appeal was deemed not maintainable due to the low tax effect falling below the threshold limit set by the CBDT Circular. The Court emphasized the importance of Section 268A provisions in regulating appeals and clarified that the exception clause for composite orders did not apply in this case, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378393