https://www.taxtmi.com/caselaws?id=191896 The court set aside the direction to add back the disallowance under section 14A while computing book profits under section 115JB for Assessment Year 2004-05 due to the absence of exempt dividend income. The matter of disallowance under section 14A and vehicle expenses disallowance were remitted for re-examination. For Assessment Year 2005-06, the excessive disallowance under section 14A was reduced, and the Assessing Officer was directed to recompute book profits accordingly. The appeals for both years were allowed for statistical purposes. en-us Mon, 28 Feb 2011 00:00:00 +0530 Mon, 01 May 2017 17:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191896 The court set aside the direction to add back the disallowance under section 14A while computing book profits under section 115JB for Assessment Year 2004-05 due to the absence of exempt dividend income. The matter of disallowance under section 14A and vehicle expenses disallowance were remitted for re-examination. For Assessment Year 2005-06, the excessive disallowance under section 14A was reduced, and the Assessing Officer was directed to recompute book profits accordingly. The appeals for both years were allowed for statistical purposes. Case-Laws Income Tax Mon, 28 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191896