https://www.taxtmi.com/caselaws?id=177992 The Tribunal allowed the appeal, directing the Assessing Officer to compute book profits without including disallowances under section 14A. The Tribunal emphasized that adjustments for book profits under section 115JB do not encompass notional disallowances like those under section 14A. The decision was based on the principle that profits for computing book profits should not be disturbed except as provided under the Act, as highlighted in previous cases. The judgment was delivered on July 27, 2012, by Ms. Sushma Chowla, Judicial Member, and Shri Mehar Singh, Accountant Member. en-us Fri, 27 Jul 2012 00:00:00 +0530 Thu, 22 Jun 2017 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177992 The Tribunal allowed the appeal, directing the Assessing Officer to compute book profits without including disallowances under section 14A. The Tribunal emphasized that adjustments for book profits under section 115JB do not encompass notional disallowances like those under section 14A. The decision was based on the principle that profits for computing book profits should not be disturbed except as provided under the Act, as highlighted in previous cases. The judgment was delivered on July 27, 2012, by Ms. Sushma Chowla, Judicial Member, and Shri Mehar Singh, Accountant Member. Case-Laws Income Tax Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177992