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

Last updated: 14 January 2022

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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

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