https://www.taxtmi.com/caselaws?id=295991 The Court upheld the CIT(A)'s decision to restore the income as per Section 115JB at Rs. 1,51,12,20,047, except for loss on sale of fixed assets. The disallowances made by the AO were mostly deleted by the CIT(A), emphasizing the importance of proper assessment procedures and adherence to Section 115JB provisions. The AO's errors in computation of total income and book profits under Section 115JB were rectified by the CIT(A), highlighting the need for thorough examination of expenses and additions before making adjustments to income computation. en-us Wed, 31 Oct 2012 00:00:00 +0530 Tue, 29 Jun 2021 11:02:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295991 The Court upheld the CIT(A)'s decision to restore the income as per Section 115JB at Rs. 1,51,12,20,047, except for loss on sale of fixed assets. The disallowances made by the AO were mostly deleted by the CIT(A), emphasizing the importance of proper assessment procedures and adherence to Section 115JB provisions. The AO's errors in computation of total income and book profits under Section 115JB were rectified by the CIT(A), highlighting the need for thorough examination of expenses and additions before making adjustments to income computation. Case-Laws Income Tax Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295991