https://www.taxtmi.com/caselaws?id=423015 The Tribunal upheld the CIT(A)'s decision, dismissing the assessee's appeal. It was confirmed that the notional loss from the capital reduction of equity shares of the wholly-owned subsidiary should not be considered in computing book profits under section 115JB. The appeal was dismissed on 24th May 2022. en-us Tue, 24 May 2022 00:00:00 +0530 Wed, 25 May 2022 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423015 The Tribunal upheld the CIT(A)'s decision, dismissing the assessee's appeal. It was confirmed that the notional loss from the capital reduction of equity shares of the wholly-owned subsidiary should not be considered in computing book profits under section 115JB. The appeal was dismissed on 24th May 2022. Case-Laws Income Tax Tue, 24 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423015