https://www.taxtmi.com/caselaws?id=441698 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the addition of comprehensive income to the book profit under section 115JB of the Income Tax Act. The Tribunal ruled that notional income like comprehensive income should not be included in book profit calculation as it is uncertain and referenced relevant CBDT circulars and Indian Accounting Standards to support its decision. en-us Fri, 11 Aug 2023 00:00:00 +0530 Mon, 14 Aug 2023 09:26:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441698 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the addition of comprehensive income to the book profit under section 115JB of the Income Tax Act. The Tribunal ruled that notional income like comprehensive income should not be included in book profit calculation as it is uncertain and referenced relevant CBDT circulars and Indian Accounting Standards to support its decision. Case-Laws Income Tax Fri, 11 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441698