https://www.taxtmi.com/caselaws?id=197941 The HC upheld the Tribunal's decision directing the AO to determine disallowance under section 14A on a reasonable basis rather than strictly applying Rule 8D, following precedent from the jurisdictional HC. Consequently, no substantial question of law arose regarding this issue. Additionally, the HC affirmed the Tribunal's ruling that disallowance under section 14A should not be added back to compute book profit under section 115JB for MAT purposes, consistent with prior decisions. The Revenue's appeals on both points were dismissed, with the court finding no substantial question of law in either matter. en-us Tue, 10 Feb 2015 00:00:00 +0530 Sat, 26 Jul 2025 13:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197941 The HC upheld the Tribunal's decision directing the AO to determine disallowance under section 14A on a reasonable basis rather than strictly applying Rule 8D, following precedent from the jurisdictional HC. Consequently, no substantial question of law arose regarding this issue. Additionally, the HC affirmed the Tribunal's ruling that disallowance under section 14A should not be added back to compute book profit under section 115JB for MAT purposes, consistent with prior decisions. The Revenue's appeals on both points were dismissed, with the court finding no substantial question of law in either matter. Case-Laws Income Tax Tue, 10 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197941