https://www.taxtmi.com/caselaws?id=777808 ITAT, Delhi (AT) held that adjustment under section 115BAB was not warranted where the assessee had not commenced manufacturing and earned no taxable income. Because there was no profit, concessional tax provisions under s.115BAB could not be invoked and provisos to the section did not apply. Specified domestic transaction provisions likewise were inapplicable for the year. The tribunal allowed the assessee's ground, ruling no shifting of profits or concessional-rate adjustments were permissible in the absence of taxable income. en-us Wed, 03 Sep 2025 00:00:00 +0530 Fri, 05 Sep 2025 08:10:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777808 ITAT, Delhi (AT) held that adjustment under section 115BAB was not warranted where the assessee had not commenced manufacturing and earned no taxable income. Because there was no profit, concessional tax provisions under s.115BAB could not be invoked and provisos to the section did not apply. Specified domestic transaction provisions likewise were inapplicable for the year. The tribunal allowed the assessee's ground, ruling no shifting of profits or concessional-rate adjustments were permissible in the absence of taxable income. Case-Laws Income Tax Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777808