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2016 (7) TMI 1088 - HC - Income TaxComputation of book profit under section 115JB - write back of the provision for diminution in the value of investment - Held that:- Deduction, as we read the section, can only be claimed provided the book profit has actually been increased by the aforesaid sum of ₹ 7,05,73,000/-. Since book profit was never increased, the question of any deduction on account of any credit from the supposed provision does not arise. Therefore, the view taken by the learned Tribunal, according to us, is the correct view. We are unable to accept this submission. The amendment of 2009 did not create any legal fiction. All that it says is that if any amount of book profit has in fact been increased, corresponding deduction may be availed in future. Since there has been no increase, there is no question of any deduction. - Decided against the assessee
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