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TMI Blog2019 (9) TMI 446X X X X Extracts X X X X X X X X Extracts X X X X ..... dent : Mr. N.K. Poddar, Sr. Adv., Mr. Debasish Mitra, Adv. And Mr. Siddhartha Das, Adv. ORDER The Court: In this intended appeal under Section 260A of the Income Tax Act, 1961, the following questions are raised by the appellant revenue:- (a) Whether on the facts and in the circumstances of the case the learned tribunal has erred in law in holding that a sum of Rs. 87,78,52,000/- being the r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ase the learned tribunal has erred in law in holding that a sum of Rs. 161,86,66,000/- being the reserve created for unexpired risk not to be added while computing the book profit under Section 115JB of the Income Tax Act, 1961 without considering the fact that Clause-(b) to explanation 1 of Section 115JB(2), book profit has to be increased by the said reserve? (e) Whether on the facts and in t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... risk should be considered as reserve for computing the book profit under Section 115JB of the Income Tax Act, 1961? The rest of the questions proposed against the above is not admitted. With regard to the proposed question (b), for the assessment years 2000-01 to 2009- 2010, either the appeals concerning this issue were not preferred before the tribunal or appeals were preferred and dismissed b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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