https://www.taxtmi.com/caselaws?id=305534 Assessee not required to prepare profit and loss account and balance sheet in the forms prescribed by Parts II and III of Schedule VI, and therefore the prescribed format-based requirement for invoking the income tax provision for book profit does not apply; applying the connected earlier judgment, the statutory regime governing the assessee excludes Schedule VI format obligations, and consequently the income tax provision under consideration cannot be invoked for the assessment year, resulting in dismissal of the revenue's appeal in favour of the assessee. en-us Tue, 27 Jul 2021 00:00:00 +0530 Fri, 09 Dec 2022 20:43:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305534 Assessee not required to prepare profit and loss account and balance sheet in the forms prescribed by Parts II and III of Schedule VI, and therefore the prescribed format-based requirement for invoking the income tax provision for book profit does not apply; applying the connected earlier judgment, the statutory regime governing the assessee excludes Schedule VI format obligations, and consequently the income tax provision under consideration cannot be invoked for the assessment year, resulting in dismissal of the revenue's appeal in favour of the assessee. Case-Laws Income Tax Tue, 27 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305534