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2013 (11) TMI 3 - AT - Income TaxRebate u/s 88E allowable in the book profit computed u/s 115JB of the Income Tax Act – Held that:- Comparison between tax determined under normal provisions of the income tax act and that determined under section 115JB shall be made for the purpose of determining applicability of the provisions of section 115JB, on gross basis before allowing rebate u/s 88E from the income tax determined under normal provisions of income tax Act and rebate u/s 88E would also be available to the assessee against the tax payable u/s. 115JB of the Income tax Act. The appellant shall be required to make payment of higher of the two amounts. Such proposition is inevitable from the format of the Return of Income (ITR-6) as prescribed – Decided against the Revenue.
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