2015 (11) TMI 1262

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... For The Assessee : Shri Chytanya, K.K. Advocate ORDER PER SHRI ABRAHAM P GEORGE, AM: In this appeal filed by the revenue its grievances is against allowing of relief to assessee u/s 90 of the IT Act, while computing tax liability under the provisions of Sec.115JB of the IT Act, 1961. 2. Learned DR submitted that taxes u/s 115JB of the Act, stood on a different footing than the regu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....as held that once taxable income was determined either under the normal provisions of the Act or as per Sec.115JB, subsequent portion relating to computation of the tax has to be governed by the normal provision of the Act. It also held that there was no provision in the Act, debarring granting of credit for tax paid abroad in case income is computed u/s 115JA. It was further held that the assesse....