Is the issue of making the addition under clause (f) of section 115 JB debatable?

Last updated: 14 January 2022

Save Share

Quick Summary

This Income Tax Appellate Tribunal ruling addresses whether the addition of disallowed amounts under clause (f) of section 115JB is a debatable issue, meaning it cannot be rectified under section 154. The tribunal found that disallowances for calculating book profit under section 115JB must be made independently as per clause (f) of Explanation-1. Therefore, the appeal filed by Cadila Healthcare Ltd. was allowed.

Court :
ITAT Ahmedabad

Brief :
The captioned appeal has been filed at the instance of the Assessee against the order of the Learned Commissioner of Income Tax(Appeals)-1, Ahmedabad, dated 10/09/2021 arising in the matter of assessment order passed under s.154 of the Income Tax Act, 1961

Citation :
ITA No. 1660/AHD/2019

Daily Limit Reached

You have reached your daily limit of 2 Free Judgements

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Judgements Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694

Attached File : 1442821_4727_1640165292_ita_no_1660_ahd_19_cadila_health_care_ltd.pdf

downloaded 359 times

258 Views Comment Share Income Tax Report

Judgement posted by

Poojitha Raam Vinay

Practice

I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

View Judgements

Comments