https://www.taxtmi.com/caselaws?id=379801 The Tribunal dismissed the revenue's appeals and upheld the CIT(A)'s decision to exclude the share of profit from the AOP while computing book profit under Section 115JB. The Tribunal emphasized the remedial nature of the relevant amendment and the importance of consistency in applying judicial precedents. The AO was directed to verify the exemption status of the joint venture's income in accordance with Section 67A. en-us Wed, 27 Mar 2019 00:00:00 +0530 Mon, 08 Aug 2022 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379801 The Tribunal dismissed the revenue's appeals and upheld the CIT(A)'s decision to exclude the share of profit from the AOP while computing book profit under Section 115JB. The Tribunal emphasized the remedial nature of the relevant amendment and the importance of consistency in applying judicial precedents. The AO was directed to verify the exemption status of the joint venture's income in accordance with Section 67A. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379801