Rebate under section 88E is to be allowed from tax computed under section 115JB
Last updated: 27 July 2012
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
That without prejudice to Ground No. 1 above , the l earned Commissioner of Income Tax erred in holding that the Assessing Of f ice r failed to consider the applicability of provisions of sect ion 115JB of the Income Tax Act , 1961 when the tax payable on normal computation of income was apparently higher than the tax payable on “Book Prof its
Citation :
Nakamichi Securities Limited,………………….………….Appellant
Mercanti le Bui lding, ‘A’ Block, 1s t f loor, 12, Lal Bazar Street , Kolkata-700 001 [PAN : AABCN 0733 D] Vs. Commissioner of Income Tax,………………………. .……Respondent Kolkata- II, Kolkata Appearances by: Shri J.M. Thard & Shri D. Sikaria, for the appellant Shri A.K. Mahapatra, D.R., for the respondent
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CS Bijoy
Published in Income Tax
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