Whether capital gain arising out of the sale of land and building is liable to be included for computation of book profits under Section 115J?

Kumudam Printers Pvt Ltd Vs CIT (Madras High Court)– Whether capital gain arising out of the sale of land and building is liable to be included for computation of book profits under Section 115J – Whether when there is no failure on part of the appellant to disclose any material fact at the time of the original assessment and hence, the reopening of the assessment pursuant to a notice under Section 148 issued after the expiry of four years from the end of the relevant assessment year is liable to be annulled. – Assessee `s appe

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