https://www.taxtmi.com/caselaws?id=275785 The Tribunal directed the matter back to the Assessing Officer for re-adjudication based on statutory provisions and Supreme Court's ruling, emphasizing that the objective of holding investments was immaterial for disallowance under section 14A. Regarding the adjustment of disallowance under section 14A in the computation of book profit under section 115JB, the Tribunal held that such adjustment was not necessary for computing book profits under section 115JB, allowing the ground of the assessee's appeal. en-us Fri, 27 Jul 2018 00:00:00 +0530 Wed, 17 Oct 2018 07:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275785 The Tribunal directed the matter back to the Assessing Officer for re-adjudication based on statutory provisions and Supreme Court's ruling, emphasizing that the objective of holding investments was immaterial for disallowance under section 14A. Regarding the adjustment of disallowance under section 14A in the computation of book profit under section 115JB, the Tribunal held that such adjustment was not necessary for computing book profits under section 115JB, allowing the ground of the assessee's appeal. Case-Laws Income Tax Fri, 27 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275785