https://www.taxtmi.com/caselaws?id=463143 The ITAT Ahmedabad allowed the Revenue's appeal for statistical purposes, modifying the CIT(A)'s direction regarding the computation of book profit under section 115JB. The Tribunal held that the Assessing Officer should consider the aggregate amount of brought forward business losses or unabsorbed depreciation, whichever is less as per the books of account, for deduction in computing book profit, following the precedent in Amline Textiles (P) Ltd. The CIT(A)'s direction was found somewhat confusing and was clarified accordingly. The assessee withdrew its cross objection, which was dismissed as withdrawn. en-us Thu, 30 Jun 2011 00:00:00 +0530 Fri, 08 Aug 2025 14:09:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463143 The ITAT Ahmedabad allowed the Revenue's appeal for statistical purposes, modifying the CIT(A)'s direction regarding the computation of book profit under section 115JB. The Tribunal held that the Assessing Officer should consider the aggregate amount of brought forward business losses or unabsorbed depreciation, whichever is less as per the books of account, for deduction in computing book profit, following the precedent in Amline Textiles (P) Ltd. The CIT(A)'s direction was found somewhat confusing and was clarified accordingly. The assessee withdrew its cross objection, which was dismissed as withdrawn. Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463143