https://www.taxtmi.com/caselaws?id=377970 The Tribunal partially allowed the assessee's appeals by restricting disallowances under Section 14A to exempt income, deleting adjustments to book profit under Section 115JB, and excluding provision for wealth tax from book profit computation. Disallowances on delayed provident fund payments were upheld, while allowance of interest, discounts, and donation as business expenditures were approved. The Tribunal directed re-computation under Rule 8D(2)(iii) for certain issues and set aside others for further consideration. Overall, the Tribunal provided detailed instructions aligning with judicial precedents and dismissed the Revenue's appeals. en-us Fri, 29 Mar 2019 00:00:00 +0530 Fri, 05 Apr 2019 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377970 The Tribunal partially allowed the assessee's appeals by restricting disallowances under Section 14A to exempt income, deleting adjustments to book profit under Section 115JB, and excluding provision for wealth tax from book profit computation. Disallowances on delayed provident fund payments were upheld, while allowance of interest, discounts, and donation as business expenditures were approved. The Tribunal directed re-computation under Rule 8D(2)(iii) for certain issues and set aside others for further consideration. Overall, the Tribunal provided detailed instructions aligning with judicial precedents and dismissed the Revenue's appeals. Case-Laws Income Tax Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377970