https://www.taxtmi.com/caselaws?id=382137 The Revenue's appeals against the Commissioner of Income Tax (Appeals) orders for assessment years 2008-09 and 2009-10 on rectification u/s 154 for book profit calculation under section 115JB were allowed by the Tribunal for statistical purposes. The Tribunal emphasized the need for precise adjustments as per the provisions of section 115JB and remitted the issue back to the Assessing Officer for proper computation in accordance with the law. The judgment underscores the importance of accurate book profit computation and strict adherence to statutory provisions in such calculations. en-us Wed, 19 Jun 2019 00:00:00 +0530 Tue, 25 Jun 2019 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382137 The Revenue's appeals against the Commissioner of Income Tax (Appeals) orders for assessment years 2008-09 and 2009-10 on rectification u/s 154 for book profit calculation under section 115JB were allowed by the Tribunal for statistical purposes. The Tribunal emphasized the need for precise adjustments as per the provisions of section 115JB and remitted the issue back to the Assessing Officer for proper computation in accordance with the law. The judgment underscores the importance of accurate book profit computation and strict adherence to statutory provisions in such calculations. Case-Laws Income Tax Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382137