THE DCIT, COCHIN vs. M/S.ASPINWALL & CO. LTD, COCHIN

In the result,the appeal of the Revenue in ITA No

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

disallowed while computing the business income under the normal provisions of the Act but no adjustment was made while computing book profits. The Ld. AR submitted that the provisions of section 115JB, only certain items are to be added or removed which have been specified under various clauses. None of the clauses require capital gains/losses. The Ld. AR relied

ASPINWALL & COMPANY LTD,COCHIN vs. THE ACIT, COCHIN

In the result,the appeal of the Revenue in ITA No

Bench: S/Shri Chandra Poojari, Am&George George K., Jm