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2017 (12) TMI 1873 - ITAT KOLKATAApplicability of provisions of section 115JB - assessee is a Corporation, which is mainly engaged in the business of manufacturing of Cold Rolled & High Tensile Steel - HELD THAT:- As agreed by the representative of both the sides, the solitary issue involved in this appeal of the Revenue is squarely covered by the decision of the Coordinate Bench of this Tribunal rendered in assessee’s own case vide its common order [2016 (2) TMI 458 - ITAT KOLKATA] wherein a similar issue was decided after discussing all the relevant aspects as well as case laws in details by the Tribunal before summarising its conclusion. We respectfully follow the order of the Coordinate Bench of this Tribunal for the said years and uphold the impugned order of the ld. CIT(Appeals) in directing the AO not to assess the total income of the assessee by application of section 115JB of the Act. Appeal of the Revenue is dismissed.
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