Assessee not entitled to deduction u/s. 54EC while computing book profit u/s. 115JB

assessee contended that it is entitled to the benefit of exemption under section 54EC of the Act even while computing book profit chargeable to tax under section 115JB of the Act. Another facet of the argument, as raised in ground (b), is that the learned CIT(A) erred in holding that the decision of the Hon’ble Bombay High Court in the case of Ace Builders Pvt. Ltd. (Income Tax Appeal No. 1006 of 2000) is not applicable to the facts of the present case. As can be noticed from the aforementioned ground, it is only an extension of the main issue and it is not independent of the main issue....