https://www.taxtmi.com/caselaws?id=381632 The Income Tax Appellate Tribunal was justified in deleting the disallowance of provision for diminution in value of investment of Rs. 13,85,00,000/- while computing book profit under section 115JB of the Income Tax Act, 1961. The Tribunal found that the provision, having been actually written off, cannot be added to the book profit under the Act. The court upheld the Tribunal's decision, dismissing the appeal. en-us Tue, 09 Apr 2019 00:00:00 +0530 Mon, 27 Jul 2020 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381632 The Income Tax Appellate Tribunal was justified in deleting the disallowance of provision for diminution in value of investment of Rs. 13,85,00,000/- while computing book profit under section 115JB of the Income Tax Act, 1961. The Tribunal found that the provision, having been actually written off, cannot be added to the book profit under the Act. The court upheld the Tribunal's decision, dismissing the appeal. Case-Laws Income Tax Tue, 09 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381632