Allowing the additional ground regarding Transfer pricing adjustment the Tribunal held that Book profits of a company cannot be adjusted except as provided in Explanation 1 of Section 115JB(2). (AY. 2012-13)
DCIT v. Alstom India Ltd. (2020) 207 TTJ 932 (Mum.)(Trib.) Alston Projects (India) Ltd. v. ITO (2020) 207 TTJ 932 (Mum.)(Trib.)
S. 115JB : Book profit-Transfer pricing adjustment-Held to be not justified-Additional ground allowed. [S. 254(1)]