https://www.taxtmi.com/caselaws?id=304905 The Tribunal allowed Ground No. 4 in favor of the assessee, ruling that the provision for foreseeable losses was justified and should not be added back while computing Book Profits under Section 115JB of the Act. The decision emphasized the importance of properly adjudicating raised grounds and considering arguments from both parties. The outcome highlights the necessity of interpreting tax provisions diligently to ensure fairness in decisions. en-us Mon, 05 Oct 2020 00:00:00 +0530 Fri, 04 Nov 2022 21:32:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304905 The Tribunal allowed Ground No. 4 in favor of the assessee, ruling that the provision for foreseeable losses was justified and should not be added back while computing Book Profits under Section 115JB of the Act. The decision emphasized the importance of properly adjudicating raised grounds and considering arguments from both parties. The outcome highlights the necessity of interpreting tax provisions diligently to ensure fairness in decisions. Case-Laws Income Tax Mon, 05 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304905