https://www.taxtmi.com/caselaws?id=351273 The Tribunal directed the Assessing Officer to delete the disallowance made under section 14A r.w. Rule 8D for the relevant assessment years as the assessee had already made a sufficient disallowance. The ground questioning the exemption of dividend from domestic companies under section 115-O was dismissed based on a previous Supreme Court ruling. The Tribunal directed a reconsideration by the Assessing Officer regarding the treatment of disallowance under section 14A while computing total income as per book profits u/s. 115JB in line with a Delhi Special Bench decision. The matter concerning the addition made under section 145A for the valuation of stocks was sent back for fresh adjudication. en-us Fri, 17 Nov 2017 00:00:00 +0530 Wed, 22 Nov 2017 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351273 The Tribunal directed the Assessing Officer to delete the disallowance made under section 14A r.w. Rule 8D for the relevant assessment years as the assessee had already made a sufficient disallowance. The ground questioning the exemption of dividend from domestic companies under section 115-O was dismissed based on a previous Supreme Court ruling. The Tribunal directed a reconsideration by the Assessing Officer regarding the treatment of disallowance under section 14A while computing total income as per book profits u/s. 115JB in line with a Delhi Special Bench decision. The matter concerning the addition made under section 145A for the valuation of stocks was sent back for fresh adjudication. Case-Laws Income Tax Fri, 17 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351273