https://www.taxtmi.com/caselaws?id=335477 Section 14A disallowance requires determination even where tax is computed on book profit under section 115JB, because it may affect future-year credit under section 115JAA. Treating the disallowance as irrelevant solely because book profit was accepted for the relevant year was erroneous. The unresolved applicability of Rule 8D and other taxpayer contentions also required adjudication. The impugned order was set aside and the dispute remanded for fresh determination of all issues on merits, without a final decision on the substantive tax liability. en-us Mon, 28 Nov 2016 00:00:00 +0530 Fri, 02 Dec 2016 21:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335477 Section 14A disallowance requires determination even where tax is computed on book profit under section 115JB, because it may affect future-year credit under section 115JAA. Treating the disallowance as irrelevant solely because book profit was accepted for the relevant year was erroneous. The unresolved applicability of Rule 8D and other taxpayer contentions also required adjudication. The impugned order was set aside and the dispute remanded for fresh determination of all issues on merits, without a final decision on the substantive tax liability. Case-Laws Income Tax Mon, 28 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335477