https://www.taxtmi.com/caselaws?id=237172 The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance under Section 14A was contested, with the Tribunal directing the re-computation of the average value of investments excluding those in the subsidiary. The inclusion of the disallowed amount under Section 14A in computing book profits under Section 115JB was upheld. Issues regarding notional loss on currency swap, MAT credit entitlement, carry forward of unabsorbed loss/depreciation, tax credit against TDS/TCS certificates, disallowance under Section 40(a)(i), and addition towards Fringe Benefit Tax were also addressed, with the Tribunal dismissing the assessee's appeals on these matters. en-us Wed, 17 Jul 2013 00:00:00 +0530 Wed, 30 Mar 2016 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237172 The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal. The disallowance under Section 14A was contested, with the Tribunal directing the re-computation of the average value of investments excluding those in the subsidiary. The inclusion of the disallowed amount under Section 14A in computing book profits under Section 115JB was upheld. Issues regarding notional loss on currency swap, MAT credit entitlement, carry forward of unabsorbed loss/depreciation, tax credit against TDS/TCS certificates, disallowance under Section 40(a)(i), and addition towards Fringe Benefit Tax were also addressed, with the Tribunal dismissing the assessee's appeals on these matters. Case-Laws Income Tax Wed, 17 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237172