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The Tribunal in [2022] 26 ITR (Trib)-OL 403 (ITAT[Kolk]) held that amounts, which are not taxable in normal computation, could not be included while reckoning the book profits. Capital subsidy received for expansion of business are therefore required to be excluded while computing the book profits under section 115JB in this case.
However this relief may be available till AY 2015-16 vide [2019] 416 ITR 591 (Cal) because of insertion of subsidy as income in the income definition from AY 2016-17.

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