https://www.taxtmi.com/caselaws?id=192986 The Tribunal ruled that the disallowance made under section 14A r.w.r. 8D cannot be added when computing book profit under section 115JB. Such disallowances are for taxable income computation and do not affect book profit calculation. Therefore, the addition from section 14A r.w.r. 8D should not be included in book profit calculation under section 115JB. The assessee's ground on this issue was allowed, maintaining the appeal's outcome dated 26.06.2015 in ITA No.2277/Mds./2014. The Miscellaneous Application was granted on February 19, 2016, in Chennai. en-us Fri, 19 Feb 2016 00:00:00 +0530 Fri, 07 Jul 2017 14:23:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192986 The Tribunal ruled that the disallowance made under section 14A r.w.r. 8D cannot be added when computing book profit under section 115JB. Such disallowances are for taxable income computation and do not affect book profit calculation. Therefore, the addition from section 14A r.w.r. 8D should not be included in book profit calculation under section 115JB. The assessee's ground on this issue was allowed, maintaining the appeal's outcome dated 26.06.2015 in ITA No.2277/Mds./2014. The Miscellaneous Application was granted on February 19, 2016, in Chennai. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192986