S. 115JB : Book profit-Sick Industrial Company-Net worth of assessee-company turning positive in assessment year in question Not eligible for exclusion of profits from chargeability of book profits tax-Even though time-frame of rehabilitation scheme not completed [S. 115JB, Exppln.1(vii), Sick Industrial Companies (Special Provisions) Act, 1985, S. 3(1)(o)]

S. 115JB : Book profit-Failure to issue notice-Computation is valid.

S. 115JB : Book profit-Adjustment of disallowance cannot be made while computing book profits. [S. 14A, R,8D]

S. 115JB : Book profit-Provision for gratuity relating to earlier years-Adjustment is not justified-Order of Assessing Officer affirmed. [S. 143(3)]

S. 115JB : Book profit-Fringe benefit tax-Allowable as deduction. [S. 40(a)(ic)]

S. 115JB : Book profit-Adjustment of disallowance under S.. 14A cannot be made while computing book profits.

S. 115JB : Book profit-Gross income and total income Nil-Not paying dividend-Provision is not applicable.

S. 115JAA : Book profit-Deemed income-Tax credit-Matter remanded for verification.

S. 115JAA : Book profit-Deemed income-Tax credit-Allowability to amalgamated company-MAT credit earned by the amalgamating company has to be allowed in the hands of the amalgamated company. [S. 115JAA(7)]

S. 115BBE : Tax on specified income-Income from undisclosed sources-Advance payment returned by party in cash-No cogent documentary evidence-Creditworthiness to return amount in cash in lieu of cheque payments was not established-Addition is held to be proper.