https://www.taxtmi.com/caselaws?id=368836 The Tribunal partially allowed the appeal, ruling in favor of the assessee regarding the disallowance of professional charges as indirect administrative charges under section 14A of the Income Tax Act. The Tribunal held that the adjustment of disallowance under section 14A was not necessary for Book Profits under section 115JB, based on a comprehensive analysis of legal provisions and precedents, including a favorable judgment by the Delhi Tribunal (Special Bench) in a similar case. en-us Wed, 10 Oct 2018 00:00:00 +0530 Mon, 15 Oct 2018 14:15:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368836 The Tribunal partially allowed the appeal, ruling in favor of the assessee regarding the disallowance of professional charges as indirect administrative charges under section 14A of the Income Tax Act. The Tribunal held that the adjustment of disallowance under section 14A was not necessary for Book Profits under section 115JB, based on a comprehensive analysis of legal provisions and precedents, including a favorable judgment by the Delhi Tribunal (Special Bench) in a similar case. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368836