In the result, the appeal filed by the Revenue is allowed
Bench: Shri N.R.S. Ganesan & Shri Abraham P.George
68,564 : 2,79,910 -------------- -------------- Assessed Book Profit : 9,66,375 -------------- 7. Share of loss from the two firms were debited by the assessee in its Profit & Loss A/c and the profit shown in the P&L A/c was after these debits. What can be added to the profit as shown in the Profit & Loss A/c and what