https://www.taxtmi.com/caselaws?id=33615 The High Court dismissed the appeals, ruling in favor of the assessee on the interpretation of deductions under Section 80HHC, jurisdiction under Section 263, and the computation of book profits for taxation under Sections 115J and 115JA. The Court held that the deductions should be based on profits ascertained under Section 115JA, emphasizing the Assessing Officer's limited power to examine accounts under the Companies Act. The Tribunal's decision to restrict computation under Section 80HHC to eligible profits was upheld, citing relevant provisions and judicial precedents. en-us Thu, 30 Apr 2009 00:00:00 +0530 Sat, 14 Aug 2010 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33615 The High Court dismissed the appeals, ruling in favor of the assessee on the interpretation of deductions under Section 80HHC, jurisdiction under Section 263, and the computation of book profits for taxation under Sections 115J and 115JA. The Court held that the deductions should be based on profits ascertained under Section 115JA, emphasizing the Assessing Officer's limited power to examine accounts under the Companies Act. The Tribunal's decision to restrict computation under Section 80HHC to eligible profits was upheld, citing relevant provisions and judicial precedents. Case-Laws Income Tax Thu, 30 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33615