https://www.taxtmi.com/caselaws?id=358760 The Tribunal partly allowed the appeal, upholding the deletion of disallowance under Section 35(1)(ii) of the Income Tax Act, 1961, and the consideration of only dividend-bearing investments for computing disallowance under Section 14A. However, the issue of disallowance under Section 14A in computing book profits under Section 115JB was remanded back to the Assessing Officer for fresh computation. The Tribunal emphasized the principle of consistency and referenced relevant legal precedents to support its decision. en-us Fri, 13 Apr 2018 00:00:00 +0530 Wed, 18 Apr 2018 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358760 The Tribunal partly allowed the appeal, upholding the deletion of disallowance under Section 35(1)(ii) of the Income Tax Act, 1961, and the consideration of only dividend-bearing investments for computing disallowance under Section 14A. However, the issue of disallowance under Section 14A in computing book profits under Section 115JB was remanded back to the Assessing Officer for fresh computation. The Tribunal emphasized the principle of consistency and referenced relevant legal precedents to support its decision. Case-Laws Income Tax Fri, 13 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358760