2012 (1) TMI 227

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..... Member) This appeal preferred by the Revenue, is directed against the impugned order dated 7th February 2006, passed by the Commissioner (Appeals)-IX, Mumbai, for assessment year 2002-03. 2. The Tribunal had, vide its order dated 16th July 2010, dismissed the ground raised by the assessee which relates to computation of book profits under section 115JB of the Income Tax Act, 1961 (for short .....

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..... er section 80HHC had to be worked out on the basis of adjusted book profit under section 115JA and not on the basis of profits computed under regular provisions of law applicable to computation of profits and gains of the business, has been upheld by the Supreme Court. Respectfully following this judgment, the ground raised by the Revenue is dismissed. 4. In the result, Revenue s appeal is dism .....

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