Book Profit u/s 115JB can not be computed as per cash basis of accounting
July 1, 2024
Income Tax, ITAT
Book Profit u/s 115JB to be computed as per Profit & Loss Account prepared under Schedule III of the Companies Act, not on profit arrived on cash basis of accounting In a recent judgment, the ITAT Delhi has held that book profit u/s 115JB is to be computed …