ITAT directs AO to re-compute book profit u/s 115JB of  Income Tax  Act by giving  opportunity of being heard to assessee [Read Order]

By Aparna. M - On March 9, 2024 8:01 am - 2 mins read
ITAT - AO - book profit - Income Tax Act - opportunity - assessee - taxscan

The two member bench  of  Income Tax Appellate Tribunal (ITAT) Delhi bench directs assessing officers to re-compute book profit under Section 115JB of the Income Tax Act, 1961  by giving the opportunity of being heard to assessee. The assessee The Oriental Insurance Co. Ltd   is engaged in the business of General Insurance. Who filed the…

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