2019 (1) TMI 1584

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..... er to add back to the book profit the sum written off as irrecoverable by the debit of the profit and loss account? - HELD THAT:- There is no point in admitting the appeal on these questions for the reason that there is absence of finding by the tribunal and if the High Court discharges the functions of the tribunal, the parties would lose one forum. In those circumstances, the entire matter as .....

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..... Mr. Khaitan learned senior advocate for the appellant pointed out, very correctly that the tribunal has failed to determine the basic issues that were before it, namely: Whether the long term capital gain credited to the profit and loss account and included in the computation of the book profit under section 115JB of the Income Tax Act, 1961 can be added a second time .....

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