should be included for the
purpose of computing Book Profit under
Section 115JB of the Income Tax Act, 1961?"
3
3. Facts in brief ... loss account for the
purpose of computing book profit under Section 115JB
of the Act. The Act provides that income prepared in
accordance with
disallowance under Section 14A ) while computing the book
profit provided u/s. 115JB proposed to limit the disallowance on
an adhoc basis ... lakh as per the clause (f) to Explanation
-1 of Section 115JB independently.
5. The Revenue being dissatisfied with the order passed by
the Tribunal
book profit of Rs.
1799,03,00,809 under section 115JB of the Act.
2. That the assessing officer / the Transfer Pricing Officer ... while computing 'book profit' under section 115JB , holding the
same to be an unascertained liability.
8 ITA No. 1351/Del/2018
18. That
advances respectively in computing the book profit for
the purpose of section 115JB of the Act.
11. That on the facts and in the circumstances ... provision for demobilization in
computing the book profit for the purpose of 115JB of the Act.
ITA Nos. 1825/Del/2005, 705/Del/2006
while computing book profit u/s 115JB of the Act."
ITA No. 181/JP/2016 (Ground of Revenue's appeal):
"In view ... same is not includible in the book profit u/s 115JB of the IT Act,
without appreciating the facts of the case.
3. Regarding ground
could not be added while computing book
profit u/s 115JB of the Act."
3. Brief facts of the case are that the assessee ... However, the tax was
paid u/s 115JB at an income of Rs. 32,18,30,990/-.
3.1. The AO noticed that the assessee
book profit under section 115JB of
the Act of Rs.7,01,62,08,886/- in the assessment year 2012-13. The
return was revised ... under normal provisions and book profit under
section 115JB at Rs.5,92,25,89,084/-. In this year also the assessee
has revised
Dcit, Chennai vs M/S. Cholamandalam Ms General ... on 26 August, 2022
आयकर अपील य
facts in deleting
addition made on account ofcomputing book profit u/s 115JB
provision for meeting liabilities other than ascertained liabilities
such as provision ... provision for PLI (Rs.40205550/-) ignoring the fact that
provisions of section 115JB clauses (a) to (f) are applicable in this
case.
8. The Appellant
erred in adding this amount in computing the book profit u/s 115JB .
5. The Ld. Commissioner of Income Tax (Appeals) has erred on facts ... computing book profit u/s 115JB .
Ground of revenue's appeal (ITA No. 511/JP/2017):
1. Whether on the facts and circumstances
