https://www.taxtmi.com/caselaws?id=185091 The Appellate Tribunal, in the case, ruled in favor of the assessee regarding the confirmation of book profit under section 115JB and the disallowance of proportionate administrative expenses as dividend income under section 14A. The Tribunal accepted the assessee's claims related to provisions for diminution in the value of investments and deferred tax credit, directing verification by the Assessing Officer. Additionally, the Tribunal held that no disallowance could be made for administrative expenses attributable to tax-free income in the absence of Rule 8D for the relevant years. The Tribunal also allowed the provision written back in accounts, confirming the impugned order in favor of the assessee for the Revenue's appeal for A.Y. 2005-06. en-us Fri, 29 Jul 2011 00:00:00 +0530 Sat, 30 Jul 2016 14:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185091 The Appellate Tribunal, in the case, ruled in favor of the assessee regarding the confirmation of book profit under section 115JB and the disallowance of proportionate administrative expenses as dividend income under section 14A. The Tribunal accepted the assessee's claims related to provisions for diminution in the value of investments and deferred tax credit, directing verification by the Assessing Officer. Additionally, the Tribunal held that no disallowance could be made for administrative expenses attributable to tax-free income in the absence of Rule 8D for the relevant years. The Tribunal also allowed the provision written back in accounts, confirming the impugned order in favor of the assessee for the Revenue's appeal for A.Y. 2005-06. Case-Laws Income Tax Fri, 29 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185091