https://www.taxtmi.com/caselaws?id=334577 The Tribunal held that the blind addition of disallowance made under section 14A while computing book profits under section 115JB was not valid. The AO was directed to recompute the disallowance under section 14A in accordance with relevant judgments and determine the amount to be added under clause (f) of Explanation 1 to section 115JB(2). This exercise was solely for computing taxable book profits under section 115JB and did not impact the original disallowance under section 14A. The case was remanded to the AO for further assessment based on these findings. en-us Fri, 09 Sep 2016 00:00:00 +0530 Wed, 16 Nov 2016 17:06:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334577 The Tribunal held that the blind addition of disallowance made under section 14A while computing book profits under section 115JB was not valid. The AO was directed to recompute the disallowance under section 14A in accordance with relevant judgments and determine the amount to be added under clause (f) of Explanation 1 to section 115JB(2). This exercise was solely for computing taxable book profits under section 115JB and did not impact the original disallowance under section 14A. The case was remanded to the AO for further assessment based on these findings. Case-Laws Income Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334577