https://www.taxtmi.com/caselaws?id=411888 The Tribunal allowed all appeals of the assessee, concluding that not considering subsequent legal interpretations by higher courts constitutes a mistake apparent from the record. It held that excise subsidy refunds are capital receipts and should be excluded from computing book profit under Section 115JB. The order was pronounced on 02/09/2021. en-us Thu, 02 Sep 2021 00:00:00 +0530 Sun, 05 Sep 2021 22:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411888 The Tribunal allowed all appeals of the assessee, concluding that not considering subsequent legal interpretations by higher courts constitutes a mistake apparent from the record. It held that excise subsidy refunds are capital receipts and should be excluded from computing book profit under Section 115JB. The order was pronounced on 02/09/2021. Case-Laws Income Tax Thu, 02 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411888