https://www.taxtmi.com/caselaws?id=408683 The Tribunal allowed the Revenue's appeal, emphasizing the correct interpretation of Section 115JB and the eligibility for reduction of brought forward losses or unabsorbed depreciation from book profit as per books of accounts. The decision was based on a thorough analysis of the provisions and relevant case law, ensuring compliance with the legal framework governing the set-off of losses and deductions from book profits under the Income Tax Act. en-us Tue, 15 Jun 2021 00:00:00 +0530 Fri, 18 Jun 2021 08:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408683 The Tribunal allowed the Revenue's appeal, emphasizing the correct interpretation of Section 115JB and the eligibility for reduction of brought forward losses or unabsorbed depreciation from book profit as per books of accounts. The decision was based on a thorough analysis of the provisions and relevant case law, ensuring compliance with the legal framework governing the set-off of losses and deductions from book profits under the Income Tax Act. Case-Laws Income Tax Tue, 15 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408683