https://www.taxtmi.com/caselaws?id=788530 For computation of book profit under Section 115JB, additions made by the Assessing Officer are confined to items expressly covered by the Explanation, and the net profit shown in the profit and loss account cannot otherwise be disturbed. The Bombay HC recorded this limited principle while identifying issues on sales tax subsidy, provision for bad and doubtful debts, trial run production revenue, and foreign exchange gain, capital subsidy and state capital investment receipts. It admitted the Revenue appeal only on these reframed questions for hearing, and declined to admit other proposed questions as substantial questions of law. en-us Mon, 16 Mar 2026 00:00:00 +0530 Tue, 24 Mar 2026 08:12:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788530 For computation of book profit under Section 115JB, additions made by the Assessing Officer are confined to items expressly covered by the Explanation, and the net profit shown in the profit and loss account cannot otherwise be disturbed. The Bombay HC recorded this limited principle while identifying issues on sales tax subsidy, provision for bad and doubtful debts, trial run production revenue, and foreign exchange gain, capital subsidy and state capital investment receipts. It admitted the Revenue appeal only on these reframed questions for hearing, and declined to admit other proposed questions as substantial questions of law. Case-Laws Income Tax Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788530