Sec. 115JB – Interest capitalised cannot be added to book profit

IN THE ITAT CHANDIGARH BENCH ‘A’ JCIT(OSD),  v. Shreyans Industries Ltd. IT Appeal No. 1185 (Chd.) of 2011 [Assessment year 2008-09] May 4, 2012 ORDER Mehar Singh, Accountant Member  The present appeal filed by the Revenue is directed against the order dated 16.09.2011 passed by the ld. CIT(A) u/s 250 of the Income-tax Act, 1961 (in short ‘the Act’). 2. In this appeal, the Revenue has raised the following Grounds of Appeal: “1.  That the Ld. CIT(A) has erred in law in deleting the addition of Rs. 34,05,937/- made by the AO in the book profit ...