| COURT: | ITAT Cochin |
| CORAM: | Chandra Poojari (AM), N.R.S. Ganesan (JM) |
| SECTION(S): | 115JB |
| GENRE: | Domestic Tax |
| CATCH WORDS: | adjustment, Book Profits |
| COUNSEL: | Iype John |
| DATE: | October 17, 2014 (Date of pronouncement) |
| DATE: | October 21, 2014 (Date of publication) |
| AY: | 2005-06 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 115JB: AO entitled to tinker with P&L A/c if assessee's claim not permitted by accounting principles | |
The question that had arisen was whether the Assessing officer was entitled to disturb the net profit shown by the assessee in the profit and loss account prepared as per the Companies Act, 1956.in order to enable anybody to understand …
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