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2019 (3) TMI 1903 - HC - Income TaxMAT computation u/s 115JB - Whether tribunal erred in failing to appreciate that in view of the reduction of the amounts against diminution in value of investments and non-performing loans and advances and other contingencies from the respective heads in the asset side of the Balance Sheet of the Petitioner and non-showing of them as provision in the audited accounts, such items and amounts should be treated as write off and not provision and hence not covered by Clause (i) of Explanation I of Section 115JB(2)? - HELD THAT:- We are of the opinion that although the decision of the Gujarat High Court in VODAFONE ESSAR GUJARAT LTD. [2017 (8) TMI 451 - GUJARAT HIGH COURT] came a few days after the order of the Tribunal, the Tribunal while rehearing the appeal should assume as if the said judgment was pronounced earlier rehear the appeal on remand on the issue only considering the said decision and all other relevant judgments on this subject and proceed to determine the same within a period of six months from the date of communication of this order.
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