https://www.taxtmi.com/caselaws?id=34685 The High Court upheld the Tribunal's decision regarding the interpretation of Section 115 JB of the Income Tax Act, 1961. It emphasized that withdrawn reserve amounts must be included in the book profits if not added back in the relevant year, as per the legislative intent behind the Minimum Alternate Tax provision. The Court dismissed the appeal, stating that no question of law arose in the case. en-us Tue, 22 Sep 2009 00:00:00 +0530 Wed, 01 Sep 2010 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34685 The High Court upheld the Tribunal's decision regarding the interpretation of Section 115 JB of the Income Tax Act, 1961. It emphasized that withdrawn reserve amounts must be included in the book profits if not added back in the relevant year, as per the legislative intent behind the Minimum Alternate Tax provision. The Court dismissed the appeal, stating that no question of law arose in the case. Case-Laws Income Tax Tue, 22 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34685