https://www.taxtmi.com/caselaws?id=772782 ITAT Mumbai upheld CIT(A)'s deletion of addition regarding interest subsidy received under TUF scheme while computing book profit under Section 115JB. The Tribunal held that capital receipts and exempt income must be excluded from book profit computation, following consistent precedents from assessee's earlier years and similar cases. The revenue's appeal was dismissed as the Tribunal found no infirmity in excluding the interest subsidy from MAT computation, distinguishing earlier contrary decisions as pertaining to Section 115J rather than 115JB. en-us Fri, 30 May 2025 00:00:00 +0530 Fri, 13 Jun 2025 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772782 ITAT Mumbai upheld CIT(A)'s deletion of addition regarding interest subsidy received under TUF scheme while computing book profit under Section 115JB. The Tribunal held that capital receipts and exempt income must be excluded from book profit computation, following consistent precedents from assessee's earlier years and similar cases. The revenue's appeal was dismissed as the Tribunal found no infirmity in excluding the interest subsidy from MAT computation, distinguishing earlier contrary decisions as pertaining to Section 115J rather than 115JB. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772782