Dispute over including Section 14A expenses in book profit; only direct expenses allowed u/s 115JB(2).

Dispute over including Section 14A expenses in book profit; only direct expenses allowed u/s 115JB(2). https://www.taxtmi.com/highlights?id=22299 Addition to book profit by adding the expenditure u/s 14A to the book profit - There is no basis for the argument u/s. 115JB of the Act, it is only direct expenses that are contemplated as capable of being added to the profits as per P&L account under clause (f) to Expln.1 below Sec.115JB(2) - AT en-us Mon, 30 Mar 2015 08:44:49 +0530 Mon, 30 Mar 2015 08:44:49 +0530 TaxTMI RSS Generator Dispute over including Section 14A expenses in book profit; only direct expenses allowed u/s 115JB(2). https://www.taxtmi.com/highlights?id=22299 Addition to book profit by adding the expenditure u/s 14A to the book profit - There is no basis for the argument u/s. 115JB of the Act, it is only direct expenses that are contemplated as capable of being added to the profits as per P&L account under clause (f) to Expln.1 below Sec.115JB(2) - AT Highlights Income Tax Mon, 30 Mar 2015 08:44:49 +0530 https://www.taxtmi.com/highlights?id=22299