https://www.taxtmi.com/caselaws?id=188499 The Tribunal held that the disallowance under section 14A should not be added back to the book profits under section 115JB of the Income Tax Act. Relying on a previous decision, the Tribunal directed the Assessing Officer to adopt the book profits without the disallowance. Despite the Revenue's arguments, the Tribunal upheld the CIT (Appeals) decision based on consistency in judicial precedents. The Tribunal dismissed the Revenue's appeal and affirmed the order of the CIT (Appeals) on April 16, 2012. en-us Tue, 16 Apr 2013 00:00:00 +0530 Sat, 03 Dec 2016 11:35:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188499 The Tribunal held that the disallowance under section 14A should not be added back to the book profits under section 115JB of the Income Tax Act. Relying on a previous decision, the Tribunal directed the Assessing Officer to adopt the book profits without the disallowance. Despite the Revenue's arguments, the Tribunal upheld the CIT (Appeals) decision based on consistency in judicial precedents. The Tribunal dismissed the Revenue's appeal and affirmed the order of the CIT (Appeals) on April 16, 2012. Case-Laws Income Tax Tue, 16 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188499