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2021 (5) TMI 147 - ITAT CHENNAIComputation of book profit u/s.115JB - Deduction u/s.10B computation - HELD THAT:- We find that the appeals filed by the assessee as well as the Revenue challenging the findings of the ld.CIT(A) regarding deduction claimed u/s.10B of the Act has been set aside to the file of the AO by the Tribunal [2019 (11) TMI 584 - ITAT CHENNAI], where the Tribunal has directed the AO to recompute the book profit u/s.115JB of the Act after deciding the issue of deduction u/s.10B Since deduction claimed u/s.10B of the Act, would have a bearing on the recomputation of book profit u/s.115JB of the Act and the very same issue of deduction u/s.10B of the Act is restored to the file of the AO, the computation of book profit also needs to go back to the file of the AO. Therefore, we are of the considered view that the appeal filed by the assessee against the proceedings u/s.154 of the Act and cross objection filed by the assessee challenging computation of book profit u/s.115JB of the Act needs to go back to the file of the AO. Hence, we set aside the appeal as well as the cross objection filed by the assessee to the file of the AO and direct him to reconsider the issue after deciding the issue of deduction claimed u/s.10B of the Act in pursuant to directions of the Tribunal given - Appeal as well as the cross objection filed by the assessee are treated as allowed for statistical purpose.
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