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2016 (11) TMI 1045 - AT - Income TaxMAT computation - CIT(A)confirming the action of AO while added back interest income and income from sale of unit of Mutual Fund originally reduced from capital work in progress in computation of Book Profit u/s 115JB - Held that:- Respectfully following the decisions of the Hon'ble Apex Court in the case of Apollo Tyres Ltd. [2002 (5) TMI 5 - SUPREME Court] that the assessee’s interest income and profit on sale of Mutual Funds would not form part of the computation of ‘book profits’ under section 115JB of the Act and consequently reverse the decision of the authorities below. - Decided in favour of assessee
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