https://www.taxtmi.com/caselaws?id=191288 The Appellate Tribunal ITAT Hyderabad ruled in favor of the assessee for the assessment year 2011-2012. Regarding the disallowance under section 14A of the Act, the Tribunal emphasized the absence of exempt income, leading to the allowance of the appeal. Concerning the calculation of tax under section 115JB, the Tribunal found errors in the initial computation by the Assessing Officer and directed a reassessment of the income under section 115JB. The appeal was allowed partially for statistical purposes, with the case being remitted back to the A.O. for reevaluation and recalculation. en-us Fri, 29 Apr 2016 00:00:00 +0530 Wed, 29 Mar 2017 06:27:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191288 The Appellate Tribunal ITAT Hyderabad ruled in favor of the assessee for the assessment year 2011-2012. Regarding the disallowance under section 14A of the Act, the Tribunal emphasized the absence of exempt income, leading to the allowance of the appeal. Concerning the calculation of tax under section 115JB, the Tribunal found errors in the initial computation by the Assessing Officer and directed a reassessment of the income under section 115JB. The appeal was allowed partially for statistical purposes, with the case being remitted back to the A.O. for reevaluation and recalculation. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191288