https://www.taxtmi.com/caselaws?id=374994 The appellate tribunal partially allowed the assessee's appeal concerning disallowance under Section 14A of the Income Tax Act. The tribunal upheld the disallowance of administrative expenditure but allowed the deletion of proportionate interest expenditure disallowance. Additionally, the tribunal directed the Assessing Officer to exclude disallowances under Section 14A from the computation of book profit under Section 115JB, in line with judicial precedents. As a result, the appeal was partly allowed, with certain grounds dismissed or not pressed. en-us Mon, 31 Dec 2018 00:00:00 +0530 Tue, 12 Feb 2019 21:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374994 The appellate tribunal partially allowed the assessee's appeal concerning disallowance under Section 14A of the Income Tax Act. The tribunal upheld the disallowance of administrative expenditure but allowed the deletion of proportionate interest expenditure disallowance. Additionally, the tribunal directed the Assessing Officer to exclude disallowances under Section 14A from the computation of book profit under Section 115JB, in line with judicial precedents. As a result, the appeal was partly allowed, with certain grounds dismissed or not pressed. Case-Laws Income Tax Mon, 31 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374994