2014 (7) TMI 1311 - HC - Income Tax

Computation of MAT - book profit under section 115JA - HELD THAT - Notes to the Financial Statement are an integral part of the accounts and have to be read as part thereof and the AO can compute the book profit under section 115JA of the Act, taking into account the amount mentioned in the notes to accounts of these financial statements.

Summary

The Calcutta High Court recalled the order dated 1st July, 2014 in the case of ITA 298 of 2004 (Kanoi Paper Industries Ltd. vs. C.I.T. Kolkata-II) as it had already been disposed of by a judgment and order dated 19th June, 2014.