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2014 (5) TMI 186 - AT - Income TaxComputation of book profit u/s 115JB of the Act – Held that:- Assessee showed bifurcation of brought forward losses and unabsorbed depreciation set off of losses and balance of depreciation/loss after setting off of profit for various years - the working of amount that can be set off for the purpose of Section 115JB was also showed - the break-up of depreciation and losses to be carry forward was also submitted – the statement submitted by Assessee needs to be examined from the records of assessment – thus, the matte is remitted back to the AO for fresh verification – Decided in favour of Assessee.
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