https://www.taxtmi.com/caselaws?id=373374 The Tribunal partly allowed the appellant's appeal, emphasizing the importance of awaiting the Supreme Court's decision for potential rectification and adhering to the Special Bench's decision on adjustments in book profit under section 115JB. The disallowance under section 36(1)(va) for late payment of employee's provident fund contribution was upheld, citing the Gujarat State Road Transport Corporation Ltd. case. However, the addition under section 115JB for computing book profit based on a disallowance under section 14A was rejected, following the ACIT Vs. Vireet Investments case, directing the AO not to adjust book profit for MAT liability based on Rule 8D calculations. en-us Thu, 10 Jan 2019 00:00:00 +0530 Fri, 11 Jan 2019 11:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373374 The Tribunal partly allowed the appellant's appeal, emphasizing the importance of awaiting the Supreme Court's decision for potential rectification and adhering to the Special Bench's decision on adjustments in book profit under section 115JB. The disallowance under section 36(1)(va) for late payment of employee's provident fund contribution was upheld, citing the Gujarat State Road Transport Corporation Ltd. case. However, the addition under section 115JB for computing book profit based on a disallowance under section 14A was rejected, following the ACIT Vs. Vireet Investments case, directing the AO not to adjust book profit for MAT liability based on Rule 8D calculations. Case-Laws Income Tax Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373374