https://www.taxtmi.com/caselaws?id=233532 The Tribunal allowed the assessee's appeal for statistical purposes, setting aside the computation of disallowance under section 14A read with Rule 8D and directing recalculations in line with the judgment in Godrej & Boyce Ltd. Mfg. Co. case. It upheld that disallowance under section 14A should not impact the book profit under section 115JB unless directly related to earning exempt income. Additionally, it ruled that prior period expenses should not be included in the book profit under section 115JB, aligning with the CIT(A)'s decision. en-us Tue, 31 Jul 2012 00:00:00 +0530 Sat, 04 May 2013 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233532 The Tribunal allowed the assessee's appeal for statistical purposes, setting aside the computation of disallowance under section 14A read with Rule 8D and directing recalculations in line with the judgment in Godrej & Boyce Ltd. Mfg. Co. case. It upheld that disallowance under section 14A should not impact the book profit under section 115JB unless directly related to earning exempt income. Additionally, it ruled that prior period expenses should not be included in the book profit under section 115JB, aligning with the CIT(A)'s decision. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233532