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Dy. CIT v. CLP India P. Ltd. (2023) 108 ITR 248 /2024) 228 TTJ 328 / 238 DTR 429 (Ahd)(Trib)

S. 115JB : Company-Book profit-Reimbursement of minimum alternative tax liability by customer-Income offered to tax more than minimum alternative tax liability-Method of accounting is accepted in subsequent year-Addition is not justified.[S. 145]

 

Held that reimbursement of minimum alternative tax liability by customer  can not be added as  income as the income offered to tax more than minimum alternative tax liability and the method of accounting is accepted in subsequent year.  (AY. 2009-10 to 2012-13)