S. 115JB : Book profit-Provision for bad and doubtful debts-Added back while computing book profit. [S.115HB(2)]
Piramal Enterprises v. Addl. CIT (2022) 216 TTJ 802 (Mum)(Trib) Editorial: CIT v. Tainwala Chemicals and Plastics India Ltd. [2013] 215 Taxman 153 (Bom.) (HC) distinguished.
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Dy. CIT v. Piramal Enterprises Ltd. (2022) 216 TTJ 802 (Mum)(Trib)S. 115JB : Book profit-Shipping company-Profits derived by tonnage tax is excluded from book profits.[S. 115VO]
Dy. CIT v.Jagson International Ltd. (2022) 97 ITR 176 (Delhi) (Trib)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)]
Supertex Industries Ltd. v. Dy. CIT (2022)99 ITR 33 (SN)(Mum) (Trib)S. 115JB : Book profit-Failure to issue notice-Computation is valid.
Karnataka State Beverages Corporation Ltd. v. ACIT (2022) 99 ITR 325 (Bang) (Trib)S. 115JB : Book profit-Adjustment of disallowance cannot be made while computing book profits. [S. 14A, R,8D]
Nahar Industrial Enterprises Ltd. v. Dy. CIT (2022) 99 ITR 562 (Chad) (Trib)S. 115JB : Book profit-Provision for gratuity relating to earlier years-Adjustment is not justified-Order of Assessing Officer affirmed. [S. 143(3)]
International Bakery Products Ltd. (2022) 217 TTJ 494 / 214 DTR 133 (Chennai)(Trib)S. 115JB : Book profit-Fringe benefit tax-Allowable as deduction. [S. 40(a)(ic)]
Capgemini Technology Services India Ltd. v. Dy. CIT (2022) 220 TTJ 409 (Pune) (Trib)S. 115JB : Book profit-Adjustment of disallowance under S.. 14A cannot be made while computing book profits.
ACIT v. J. K. Fenner (India) Ltd. (2022) 220 TTJ 595 (Chennai)(Trib)S. 115JB : Book profit-Gross income and total income Nil-Not paying dividend-Provision is not applicable.
Sasamusa Sugar Works Pvt. Ltd. v. Dy. CIT (2022) 98 ITR 235 (Kol) (Trib)