https://www.taxtmi.com/caselaws?id=267468 Whether expenditures relating to tax exempt income must be taken into account for computing book profit under section 115JB(2) is considered; the text explains that such expenditures are to be disallowed by applying the disallowance principle under section 14A together with the Rule 8D methodology and therefore are to be reflected in book profit computation under clause (f) to Explanation 1 to section 115JB(2), resulting in the upholding of an addition for tax computation purposes. en-us Wed, 21 Oct 2015 00:00:00 +0530 Fri, 15 May 2026 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267468 Whether expenditures relating to tax exempt income must be taken into account for computing book profit under section 115JB(2) is considered; the text explains that such expenditures are to be disallowed by applying the disallowance principle under section 14A together with the Rule 8D methodology and therefore are to be reflected in book profit computation under clause (f) to Explanation 1 to section 115JB(2), resulting in the upholding of an addition for tax computation purposes. Case-Laws Income Tax Wed, 21 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267468