Book profit under MAT excludes Section 14A Rule 8D disallowance, as binding precedent bars the addition.

Disallowance computed under Section 14A read with Rule 8D cannot be added back while computing book profit under Section 115JB, because the HC followed its binding jurisdictional precedent that such an adjustment is not warranted for MAT purposes. The court treated the issue as already settled and not open to reconsideration, so the assessee's challenge failed.

---

---

Issues: Whether disallowance computed under Section 14A read with Rule 8D can be added back while computing book profit under Section 115JB.

Analysis: The Court followed its earlier binding decisions holding that, for the purpose of Section 115JB, an addition based on the computation under Section 14A read with Rule 8D is not warranted. The issue had already been settled by the jurisdictional precedent and was therefore no longer open for reconsideration.

Conclusion: The disallowance under Section 14A read with Rule 8D cannot be added to book profit under Section 115JB, and the appeal fails.

---