High Court Upholds Tribunal's Decision: Excise Subsidy Not Added to Book Profits u/s 115JB Explanation (b.

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....MAT - Addition being excise subsidy received to the book profits, as a reserve according to Explanation (b) to Section 115JB - Since the reserve was not created by debiting the profit and loss account, the assessing officer had no power to go behind the accounts. Income-tax Appellate Tribunal is correct in deleting the addition - HC....