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2007 (4) TMI 614 - AT - Income TaxExtract: .......fit under section 115JA. The Assessing Officer has to levy the tax only on the book profit as per the balance-sheet, which is not found to be incorrect by any of the authorities under the Companies Act.In the result, the assessee s appeal is allowed and the Revenue s appeal is dismissed.The order pronounced in the open court today on April 9, 2007.
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