https://www.taxtmi.com/caselaws?id=59552 The Tribunal concluded that in computing book profits under section 115JA of the Income-tax Act, 1961, the assessee can reduce the net profit by the profits eligible for deduction under section 80HHC, calculated with reference to adjusted book profits rather than regular taxable profits. This decision aligns with the legislative intent and consistent judicial interpretations, emphasizing a harmonious approach that supports full deduction under section 80HHC in the MAT regime. en-us Wed, 14 Mar 2007 00:00:00 +0530 Wed, 31 Jan 2024 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59552 The Tribunal concluded that in computing book profits under section 115JA of the Income-tax Act, 1961, the assessee can reduce the net profit by the profits eligible for deduction under section 80HHC, calculated with reference to adjusted book profits rather than regular taxable profits. This decision aligns with the legislative intent and consistent judicial interpretations, emphasizing a harmonious approach that supports full deduction under section 80HHC in the MAT regime. Case-Laws Income Tax Wed, 14 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59552