examination is question B and which pertains to the applicability of
Section 115JB of the Income Tax Act, 1961 ["Act"]. Mr.
Meharchandani, learned ... possibly be treated as agricultural
income and consequently, the provisions of Section 115JB would
be applicable.
4. We note that the ITAT, however, while dealing
section (2) of section 32 or sub-section (3) of
section 32A or clause (ii) of sub-section (1) of section 72 or section ... section 74 or sub-section (3) of section 74A.
(4) Every company to which this section applies, shall furnish a
report in the prescribed form
relevant extract of section
115JB , it is evident that sub-section (1) of section 115JB
provides the mode of computation of the total income ... section. Therefore, any
expenditure relatable to earning of income exempt under
section 10(2A) and section 10(35) of the Act is disallowed
under section
relevant extract of section 115JB, it is
evident that sub-section (1) of section 115JB provides the mode of
computation of the total income ... section. Therefore, any
expenditure relatable to earning of income exempt under section
10(2A) and section 10(35) of the Act is disallowed under section
Date:24.12.2024
17:54:42
"The Explanation to sub-section (2) of section
115JB says that "book profit" means the net profit ... income under Section 10(38) of the Act, would nonetheless, be included in
computing book profits for the purposes of Section 115JB
deduction u/s 35(2AB)
4 . Disallowance of tax paid - 1,60,34,723 - - -
on ESOP while computing
book profit u/s 115JB
5 . Disallowance ... business was not amenable to Section 10AA of the Act and hence
the provisions of Section 115JB(6) had no application. For this
deduction u/s 35(2AB)
4 . Disallowance of tax paid - 1,60,34,723 - - -
on ESOP while computing
book profit u/s 115JB
5 . Disallowance ... business was not amenable to Section 10AA of the Act and hence
the provisions of Section 115JB(6) had no application. For this
deduction u/s 35(2AB)
4 . Disallowance of tax paid - 1,60,34,723 - - -
on ESOP while computing
book profit u/s 115JB
5 . Disallowance ... business was not amenable to Section 10AA of the Act and hence
the provisions of Section 115JB(6) had no application. For this
deduction u/s 35(2AB)
4 . Disallowance of tax paid - 1,60,34,723 - - -
on ESOP while computing
book profit u/s 115JB
5 . Disallowance ... business was not amenable to Section 10AA of the Act and hence
the provisions of Section 115JB(6) had no application. For this
deduction u/s 35(2AB)
4 . Disallowance of tax paid - 1,60,34,723 - - -
on ESOP while computing
book profit u/s 115JB
5 . Disallowance ... business was not amenable to Section 10AA of the Act and hence
the provisions of Section 115JB(6) had no application. For this
