https://www.taxtmi.com/caselaws?id=216320 The Tribunal ruled in favor of the assessee, directing the AO to delete the adjustment of Rs. 2,43,79,210/- under section 115JB as it was not a provision but a direct loss in stock valuation. Additionally, the Tribunal instructed a re-examination of the disallowance of Rs. 2,42,81,004/- under section 14A, emphasizing the need for a proper assessment based on judicial principles and the nature of the assets. The appeal was allowed for statistical purposes. en-us Wed, 29 Aug 2012 00:00:00 +0530 Fri, 08 Apr 2016 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216320 The Tribunal ruled in favor of the assessee, directing the AO to delete the adjustment of Rs. 2,43,79,210/- under section 115JB as it was not a provision but a direct loss in stock valuation. Additionally, the Tribunal instructed a re-examination of the disallowance of Rs. 2,42,81,004/- under section 14A, emphasizing the need for a proper assessment based on judicial principles and the nature of the assets. The appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 29 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216320