https://www.taxtmi.com/caselaws?id=349438 The Tribunal upheld the CIT(A)'s order directing the computation of income from House Property based on municipal value, dismissing the revenue's appeal. The disallowance under Section 14A was limited to actual expenses, as confirmed by the Tribunal, which dismissed the revenue's appeal on this ground. Regarding the enhancement of 'book profit' under Section 115JB, the Tribunal directed the AO to modify the computation without including the disallowance under Section 14A. The revenue's appeal for A.Y. 2010-11 was dismissed, while the appeal for A.Y. 2011-12 was partly allowed for statistical purposes. The assessee's appeal for A.Y. 2010-11 was partly allowed with specific directions. en-us Wed, 11 Oct 2017 00:00:00 +0530 Fri, 13 Oct 2017 09:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349438 The Tribunal upheld the CIT(A)'s order directing the computation of income from House Property based on municipal value, dismissing the revenue's appeal. The disallowance under Section 14A was limited to actual expenses, as confirmed by the Tribunal, which dismissed the revenue's appeal on this ground. Regarding the enhancement of 'book profit' under Section 115JB, the Tribunal directed the AO to modify the computation without including the disallowance under Section 14A. The revenue's appeal for A.Y. 2010-11 was dismissed, while the appeal for A.Y. 2011-12 was partly allowed for statistical purposes. The assessee's appeal for A.Y. 2010-11 was partly allowed with specific directions. Case-Laws Income Tax Wed, 11 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349438