https://www.taxtmi.com/caselaws?id=55268 The Tribunal ruled in favor of the revenue in an appeal regarding the computation of chargeable profit under section 115J for the assessment year 1989-90. The Tribunal held that the Assessing Officer's actions were justified, and the CIT(A) had erred in not applying section 115J and not levying interest under sections 234-B and 234-C. The company's amalgamation and subsequent dissolution were central to the dispute, with the Tribunal determining that the company was liable under section 115J. Consequently, the Tribunal reversed the CIT(A)'s decision and allowed the revenue's appeal, addressing both the computation of chargeable profit and the levy of interest under sections 234-B and 234-C. en-us Fri, 07 May 1999 00:00:00 +0530 Thu, 25 Nov 2010 10:14:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55268 The Tribunal ruled in favor of the revenue in an appeal regarding the computation of chargeable profit under section 115J for the assessment year 1989-90. The Tribunal held that the Assessing Officer's actions were justified, and the CIT(A) had erred in not applying section 115J and not levying interest under sections 234-B and 234-C. The company's amalgamation and subsequent dissolution were central to the dispute, with the Tribunal determining that the company was liable under section 115J. Consequently, the Tribunal reversed the CIT(A)'s decision and allowed the revenue's appeal, addressing both the computation of chargeable profit and the levy of interest under sections 234-B and 234-C. Case-Laws Income Tax Fri, 07 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55268