https://www.taxtmi.com/caselaws?id=361865 The appeal was filed against an order under Sec.143(3) of the Income Tax Act, 1961, regarding disallowance under section 14A. The appellant contested the disallowance, arguing investments in group companies were strategic, not for exempt income. CIT(A) upheld the disallowance, but the Tribunal found the Assessing Officer failed to satisfy statutory requirements, deleting the disallowance. The Tribunal also ruled that enhancing book profit under section 115JB due to the disallowance was impermissible, allowing the appeal. en-us Wed, 13 Jun 2018 00:00:00 +0530 Fri, 15 Jun 2018 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361865 The appeal was filed against an order under Sec.143(3) of the Income Tax Act, 1961, regarding disallowance under section 14A. The appellant contested the disallowance, arguing investments in group companies were strategic, not for exempt income. CIT(A) upheld the disallowance, but the Tribunal found the Assessing Officer failed to satisfy statutory requirements, deleting the disallowance. The Tribunal also ruled that enhancing book profit under section 115JB due to the disallowance was impermissible, allowing the appeal. Case-Laws Income Tax Wed, 13 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361865