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2008 (8) TMI 532 - HC - Income TaxBook Profit – Interest – Assessee filed its return for the assessment year 1999-2000 claiming a deduction in respect of expenditure incurred on account of voluntary separation scheme. The Assessing Officer allowed only a certain amount and disallowed the balance for the purpose of computation of book profit u/s 115JA of the Act, because it was in the nature of provision only. The Tribunal confirmed the deletion of addition but allowed the cross objection in favour of the assessee in the matter of levy of interest. Held that- the order of Tribunal as well as Commissioner (Appeals) and the Assessing Officer were already set aside by the Court in the Assessee’s own case. Therefore, the question raised by the Revenue for maintaing its appeal no longer existed the matter was directed to be considered afresh.
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