https://www.taxtmi.com/caselaws?id=178397 The Tribunal set aside the disallowance of expenditure under section 14A of the Income Tax Act, directing fresh adjudication by the Assessing Officer based on High Court propositions. The issue of computing book profit with reference to the disallowance was also restored for fresh adjudication. Regarding income computation under section 115JB, one ground was allowed concerning insurance premium payment, while another related to doubtful debt provision was dismissed. The Tribunal rejected additional grounds on the assessability of rental income due to insufficient investigation of facts, partially allowing the appeal. en-us Fri, 18 May 2012 00:00:00 +0530 Fri, 28 Jul 2017 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178397 The Tribunal set aside the disallowance of expenditure under section 14A of the Income Tax Act, directing fresh adjudication by the Assessing Officer based on High Court propositions. The issue of computing book profit with reference to the disallowance was also restored for fresh adjudication. Regarding income computation under section 115JB, one ground was allowed concerning insurance premium payment, while another related to doubtful debt provision was dismissed. The Tribunal rejected additional grounds on the assessability of rental income due to insufficient investigation of facts, partially allowing the appeal. Case-Laws Income Tax Fri, 18 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178397