https://www.taxtmi.com/caselaws?id=215088 The tribunal addressed various issues, including deductions under sections 80IB/80IC, disallowances under section 14A, and book profit computation under section 115JB. It upheld the CIT(A)'s decisions on several matters, emphasizing compliance with statutory conditions and accurate interpretation of the IT Act provisions. Notably, it clarified that disallowance under section 14A is not covered by the Explanation to section 115JB and allowed deductions on recovered bad debts and bought-out components. The tribunal's rulings provided clarity on the application of different sections of the IT Act. en-us Fri, 22 Jun 2012 00:00:00 +0530 Sat, 18 Jul 2026 13:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215088 The tribunal addressed various issues, including deductions under sections 80IB/80IC, disallowances under section 14A, and book profit computation under section 115JB. It upheld the CIT(A)'s decisions on several matters, emphasizing compliance with statutory conditions and accurate interpretation of the IT Act provisions. Notably, it clarified that disallowance under section 14A is not covered by the Explanation to section 115JB and allowed deductions on recovered bad debts and bought-out components. The tribunal's rulings provided clarity on the application of different sections of the IT Act. Case-Laws Income Tax Fri, 22 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215088