https://www.taxtmi.com/caselaws?id=254667 The ITAT set aside the CIT (A)'s orders regarding disallowance under section 14A of the Income Tax Act and adjustment in book profit pursuant to a section 263 order. The ITAT directed the Assessing Officer to re-examine the disallowance under section 14A considering relevant legal precedents and make necessary adjustments in the book profit as per the directions under section 263. Both appeals were allowed for statistical purposes. en-us Mon, 24 Nov 2014 00:00:00 +0530 Sun, 28 Dec 2014 19:01:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254667 The ITAT set aside the CIT (A)'s orders regarding disallowance under section 14A of the Income Tax Act and adjustment in book profit pursuant to a section 263 order. The ITAT directed the Assessing Officer to re-examine the disallowance under section 14A considering relevant legal precedents and make necessary adjustments in the book profit as per the directions under section 263. Both appeals were allowed for statistical purposes. Case-Laws Income Tax Mon, 24 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254667