https://www.taxtmi.com/caselaws?id=378324 The appeal was partly allowed for statistical purposes. The CIT(A) was directed to adjudicate the unaddressed ground concerning the setoff of brought forward business loss and depreciation allowance. The quantification of book profit under Section 115JB was remanded back to the AO for verification and correction. The additional disallowance under Section 14A was deleted as the AO did not provide sufficient reasons for disallowance. The disallowance under Section 40(a)(ia) for non-deduction of tax on transmission charges was also deleted based on previous Tribunal decisions. en-us Wed, 10 Apr 2019 00:00:00 +0530 Sat, 13 Apr 2019 05:56:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378324 The appeal was partly allowed for statistical purposes. The CIT(A) was directed to adjudicate the unaddressed ground concerning the setoff of brought forward business loss and depreciation allowance. The quantification of book profit under Section 115JB was remanded back to the AO for verification and correction. The additional disallowance under Section 14A was deleted as the AO did not provide sufficient reasons for disallowance. The disallowance under Section 40(a)(ia) for non-deduction of tax on transmission charges was also deleted based on previous Tribunal decisions. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378324