https://www.taxtmi.com/caselaws?id=307340 The Tribunal allowed the assessee's appeal, overturning the lower authorities' decisions, and held that the Assessing Officer's determination of book profit under Section 115JB was unjust and beyond the scope of Section 154 of the Income Tax Act. The Tribunal found in favor of the assessee, setting aside the CIT(A)'s order and ruling the Assessing Officer's actions as legally and factually unsound. The appeal was pronounced in open court on 12th December 2018. en-us Wed, 12 Dec 2018 00:00:00 +0530 Fri, 07 Apr 2023 08:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307340 The Tribunal allowed the assessee's appeal, overturning the lower authorities' decisions, and held that the Assessing Officer's determination of book profit under Section 115JB was unjust and beyond the scope of Section 154 of the Income Tax Act. The Tribunal found in favor of the assessee, setting aside the CIT(A)'s order and ruling the Assessing Officer's actions as legally and factually unsound. The appeal was pronounced in open court on 12th December 2018. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307340