https://www.taxtmi.com/caselaws?id=284348 The Tribunal dismissed the Revenue's appeal regarding the interpretation of phasing out provisions for deduction under section 80HHC for computing book profit under section 115JB. The Tribunal found that the issue was settled in favor of the assessee by the Supreme Court's decision in Ajanta Pharma Ltd., emphasizing the self-contained nature of sections 115JA and 115JB. The Tribunal rejected the Revenue's ground, concluding that the issue was no longer open for debate. The appeal outcome favored the assessee, with the Revenue's appeal being dismissed on 23.5.2012. en-us Wed, 23 May 2012 00:00:00 +0530 Wed, 13 Nov 2019 15:02:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284348 The Tribunal dismissed the Revenue's appeal regarding the interpretation of phasing out provisions for deduction under section 80HHC for computing book profit under section 115JB. The Tribunal found that the issue was settled in favor of the assessee by the Supreme Court's decision in Ajanta Pharma Ltd., emphasizing the self-contained nature of sections 115JA and 115JB. The Tribunal rejected the Revenue's ground, concluding that the issue was no longer open for debate. The appeal outcome favored the assessee, with the Revenue's appeal being dismissed on 23.5.2012. Case-Laws Income Tax Wed, 23 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284348