Search Results Page
Search Results
1 - 10 of 26 (0.27 seconds)Section 115JB in The Income Tax Act, 1961 [Entire Act]
The Finance Act, 2018
Section 115J in The Income Tax Act, 1961 [Entire Act]
Deputy Commissioner Of Income Tax vs Govind Rubber (P) Ltd. on 29 January, 2003
11. We have also examined the order of the Tribunal in the case of Dy. CIT v. Govind Rubber (P) Ltd. (supra) in which the Tribunal has held that for the purpose of determining book profit under Section 115J the assessee was entitled for deduction of profit attributable to export under Section 80HHC even though the assessee was denied deduction under Section 80HHC because of the proviso to Section 80A as income computed for the assessment year under consideration was negatived though the book profit attributable to export under Section 80HHC was positive. Similar analysis should be applied to the present situation.
Brook Crompton Greaves Ltd. vs The Income-Tax Officer on 10 March, 2006
Though a contrary view was taken by the Pune Bench of the Tribunal in the case of Brook Crompton Greaves Ltd. (supra), but the Special Bench has given a specific finding in its para 59 that in the case of Section 115JB, the Finance Act made it very clear that deduction under Section 80HHC would be available in its entirety to an assessee even if the relief under Section 80HHC is eliminated in a phased manner. Relevant portion of the order of the Special Bench is extracted hereunder for the sake of reference: