https://www.taxtmi.com/caselaws?id=176860 The appeal was partly allowed by the Tribunal. Regarding the disallowance under section 14A of the Income-tax Act, the Tribunal set aside the orders and directed the Assessing Officer to identify actual expenditure incurred for earning dividend income. For the addition of expenditure to earn exempt income while computing book profit under section 115JB, the Tribunal ruled in favor of the assessee, deleting the disallowance of expenses. The issue of non-quantification of unabsorbed depreciation was restored back to the AO for quantification and carry forward as per the law. en-us Fri, 18 Feb 2011 00:00:00 +0530 Tue, 25 Apr 2023 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176860 The appeal was partly allowed by the Tribunal. Regarding the disallowance under section 14A of the Income-tax Act, the Tribunal set aside the orders and directed the Assessing Officer to identify actual expenditure incurred for earning dividend income. For the addition of expenditure to earn exempt income while computing book profit under section 115JB, the Tribunal ruled in favor of the assessee, deleting the disallowance of expenses. The issue of non-quantification of unabsorbed depreciation was restored back to the AO for quantification and carry forward as per the law. Case-Laws Income Tax Fri, 18 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176860