Section 14A, closing stock, and book profit adjustment under section 115JB raised substantial questions of law for appellate review.

The Gujarat HC considered whether disallowance under section 14A read with Rule 8D, an addition relating to closing stock, and an adjustment under section 115JB raised substantial questions of law for appellate scrutiny. The tax appeal was admitted on those questions, notice was issued, and the matter was directed to be heard finally along with connected appeals.

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Issues: Whether the disallowance under section 14A read with Rule 8D, the addition on account of closing stock, and the adjustment under section 115JB called for appellate consideration.

Outcome: The tax appeal was admitted on substantial questions of law, notice was issued, and the matter was directed to be heard finally with connected appeals.

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