https://www.taxtmi.com/caselaws?id=397051 The ITAT allowed the appeal of the assessee, a public limited company, regarding the disallowance of a warranty provision while computing book profits under Section 115JB of the Income Tax Act, 1961. The Tribunal set aside the disallowance under normal provisions and remanded the issue for de novo adjudication by the AO. The Tribunal justified the delayed pronouncement of the order, citing the Covid-19 pandemic and lockdown, and excluded this period from the 90-day limit. The appeal was allowed for statistical purposes, and the AO's appeal was dismissed, with the order pronounced per Rule 34(5) of ITAT Rules. en-us Wed, 29 Jul 2020 00:00:00 +0530 Tue, 05 Nov 2024 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397051 The ITAT allowed the appeal of the assessee, a public limited company, regarding the disallowance of a warranty provision while computing book profits under Section 115JB of the Income Tax Act, 1961. The Tribunal set aside the disallowance under normal provisions and remanded the issue for de novo adjudication by the AO. The Tribunal justified the delayed pronouncement of the order, citing the Covid-19 pandemic and lockdown, and excluded this period from the 90-day limit. The appeal was allowed for statistical purposes, and the AO's appeal was dismissed, with the order pronounced per Rule 34(5) of ITAT Rules. Case-Laws Income Tax Wed, 29 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397051