https://www.taxtmi.com/caselaws?id=275352 Admission was granted and three substantial questions of law were framed in an income-tax matter. The first concerns whether deletion of the Section 14A read with Rule 8D disallowance was justified on the basis that investments came from the assessee's old or own funds, despite no proof that such funds were available at the relevant time. The second concerns whether a Section 14A disallowance must be added back while computing book profit under Section 115JB(2) under Explanation clause (f). The third concerns whether deduction under Section 80IA(4) was correctly allowed by adopting the rate at which GEB supplied power to its customers rather than the rate at which GSECL supplied power to GEB. en-us Tue, 24 Jul 2018 00:00:00 +0530 Fri, 28 Sep 2018 07:31:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275352 Admission was granted and three substantial questions of law were framed in an income-tax matter. The first concerns whether deletion of the Section 14A read with Rule 8D disallowance was justified on the basis that investments came from the assessee's old or own funds, despite no proof that such funds were available at the relevant time. The second concerns whether a Section 14A disallowance must be added back while computing book profit under Section 115JB(2) under Explanation clause (f). The third concerns whether deduction under Section 80IA(4) was correctly allowed by adopting the rate at which GEB supplied power to its customers rather than the rate at which GSECL supplied power to GEB. Case-Laws Income Tax Tue, 24 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275352