https://www.taxtmi.com/caselaws?id=180123 Amounts disallowed and added back to business income under Section 40(a)(ia) and Section 43B may form part of the profits eligible for deduction under Section 10A where the add-back increases the assessee's business profit. The Tribunal, following Merilyn Shipping & Transports and Gem Plus Jewellery (India) Ltd., treated the disallowances as an enhancement of business profits for Section 10A computation. That approach was upheld, and the assessee remained entitled to the deduction on the enhanced profit base. en-us Thu, 27 Jun 2013 00:00:00 +0530 Sat, 04 Mar 2017 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180123 Amounts disallowed and added back to business income under Section 40(a)(ia) and Section 43B may form part of the profits eligible for deduction under Section 10A where the add-back increases the assessee's business profit. The Tribunal, following Merilyn Shipping & Transports and Gem Plus Jewellery (India) Ltd., treated the disallowances as an enhancement of business profits for Section 10A computation. That approach was upheld, and the assessee remained entitled to the deduction on the enhanced profit base. Case-Laws Income Tax Thu, 27 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180123