https://www.taxtmi.com/caselaws?id=253795 The appeal in the case involved various tax-related issues under the Income Tax Act. The Tribunal partially allowed the assessee's appeal by deleting the disallowance under Section 14A exceeding Rs. 2 lacs and treating forfeited share application money as a capital receipt. Additionally, the Tribunal directed the inclusion of the disallowance under Section 14A in the computation of book profit under Section 115JB. The Revenue's appeal was also partially allowed in line with these directions. en-us Fri, 21 Nov 2014 00:00:00 +0530 Wed, 03 Dec 2014 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253795 The appeal in the case involved various tax-related issues under the Income Tax Act. The Tribunal partially allowed the assessee's appeal by deleting the disallowance under Section 14A exceeding Rs. 2 lacs and treating forfeited share application money as a capital receipt. Additionally, the Tribunal directed the inclusion of the disallowance under Section 14A in the computation of book profit under Section 115JB. The Revenue's appeal was also partially allowed in line with these directions. Case-Laws Income Tax Fri, 21 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253795