https://www.taxtmi.com/caselaws?id=238546 The Appellate Tribunal ruled in favor of the Assessee, directing the Assessing Officer not to adjust the disallowed interest expenditure under section 14A while computing the book profit under section 115JB of the Income Tax Act. This decision was based on legal precedents and the judgment in Apollo Tyres Ltd. vs. CIT, concluding that the provisions of section 14A cannot be imported into the Explanation to section 115JA for calculating adjusted book profit. As a result, the Assessee's appeal was successful, overturning the decision of the CIT(A) and allowing the substantial ground raised by the Assessee. en-us Fri, 13 Jul 2012 00:00:00 +0530 Sat, 26 Oct 2013 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238546 The Appellate Tribunal ruled in favor of the Assessee, directing the Assessing Officer not to adjust the disallowed interest expenditure under section 14A while computing the book profit under section 115JB of the Income Tax Act. This decision was based on legal precedents and the judgment in Apollo Tyres Ltd. vs. CIT, concluding that the provisions of section 14A cannot be imported into the Explanation to section 115JA for calculating adjusted book profit. As a result, the Assessee's appeal was successful, overturning the decision of the CIT(A) and allowing the substantial ground raised by the Assessee. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238546