https://www.taxtmi.com/caselaws?id=463281 ITAT MUMBAI allowed the assessee's appeal, restoring the AO's original computation of book profits under s.115JB after the SC reversed the HC's contrary view. The dispute concerned whether export profits computed under s.80HHC(3) (100%) or only the amount actually allowed under normal provisions should be excluded while computing book profits. Relying on the SC ruling that s.115JB is self-contained and permits exclusion of export profits as computed under s.80HHC(3), the tribunal directed restoration of book profit and allowed the appeal. en-us Fri, 08 Apr 2011 00:00:00 +0530 Thu, 21 Aug 2025 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463281 ITAT MUMBAI allowed the assessee's appeal, restoring the AO's original computation of book profits under s.115JB after the SC reversed the HC's contrary view. The dispute concerned whether export profits computed under s.80HHC(3) (100%) or only the amount actually allowed under normal provisions should be excluded while computing book profits. Relying on the SC ruling that s.115JB is self-contained and permits exclusion of export profits as computed under s.80HHC(3), the tribunal directed restoration of book profit and allowed the appeal. Case-Laws Income Tax Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463281