https://www.taxtmi.com/caselaws?id=411030 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's cross-objection. The decisions of the CIT(A) regarding the deletion of capitalization of interest expenses and the exclusion of the Debenture Redemption Reserve from book profits were upheld. The Tribunal also allowed the deduction of education cess while confirming the inclusion of profit on the sale of fixed assets and investments in the computation of book profits under Section 115JB. en-us Wed, 11 Aug 2021 00:00:00 +0530 Sun, 15 Aug 2021 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411030 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's cross-objection. The decisions of the CIT(A) regarding the deletion of capitalization of interest expenses and the exclusion of the Debenture Redemption Reserve from book profits were upheld. The Tribunal also allowed the deduction of education cess while confirming the inclusion of profit on the sale of fixed assets and investments in the computation of book profits under Section 115JB. Case-Laws Income Tax Wed, 11 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411030