Tribunal held that the capital gains which are exempt u/s. 54EC is not to be considered for purpose of computing books profit (AY.1999-2000)
Fibroflex (India) P. Ltd v. Dy.CIT ( 2019) 74 ITR 105 (Chennai) (Trib.)
S. 115JA : Book profit -Capital gains- Exempt u/s 54EC is not to be included for the purpose of computation of book profit. [S. 45, 54EC]