https://www.taxtmi.com/caselaws?id=375651 The court ruled in favor of the assessee on all issues. It upheld the Tribunal's decision on the application of Section 14A, stating it applies only from 2007-08 onwards. Regarding the computation of book profits under Section 115JB, the court held that only the amount allowed by the Assessing Officer should be added back. It found no relevance in writing back amounts shown as provision in response to a previous disallowance. Additionally, the court upheld the deletion of the disallowance of the claim of bad debts, stating no legal question arose. All appeals were rejected without any order on costs. en-us Tue, 29 Jan 2019 00:00:00 +0530 Fri, 22 Feb 2019 06:13:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375651 The court ruled in favor of the assessee on all issues. It upheld the Tribunal's decision on the application of Section 14A, stating it applies only from 2007-08 onwards. Regarding the computation of book profits under Section 115JB, the court held that only the amount allowed by the Assessing Officer should be added back. It found no relevance in writing back amounts shown as provision in response to a previous disallowance. Additionally, the court upheld the deletion of the disallowance of the claim of bad debts, stating no legal question arose. All appeals were rejected without any order on costs. Case-Laws Income Tax Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375651