https://www.taxtmi.com/caselaws?id=243666 The Tribunal restored the matter of deductions under sections 36(1)(vii) and 36(1)(viia) for fresh adjudication, upheld the disallowance of public issue expenses under section 35D, rejected the applicability of MAT under section 115JB to the assessee, restricted the disallowance under section 14A to 5% of tax-exempt income, and dismissed adjustments to book profit under section 115JB. Orders varied: ITA No. 3821/M/2009 (A.Y. 2005-06) allowed for statistical purposes, ITA No. 4112/M/2012 (A.Y. 2007-08) partly allowed, ITA No. 3674/M/2012 (A.Y. 2007-08) partly allowed, and ITA No. 3675/M/2012 (A.Y. 2007-08) allowed. en-us Wed, 05 Feb 2014 00:00:00 +0530 Fri, 07 Feb 2014 13:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243666 The Tribunal restored the matter of deductions under sections 36(1)(vii) and 36(1)(viia) for fresh adjudication, upheld the disallowance of public issue expenses under section 35D, rejected the applicability of MAT under section 115JB to the assessee, restricted the disallowance under section 14A to 5% of tax-exempt income, and dismissed adjustments to book profit under section 115JB. Orders varied: ITA No. 3821/M/2009 (A.Y. 2005-06) allowed for statistical purposes, ITA No. 4112/M/2012 (A.Y. 2007-08) partly allowed, ITA No. 3674/M/2012 (A.Y. 2007-08) partly allowed, and ITA No. 3675/M/2012 (A.Y. 2007-08) allowed. Case-Laws Income Tax Wed, 05 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243666