https://www.taxtmi.com/caselaws?id=280194 The Tribunal partly allowed the appellant's appeal, stating that no disallowance under Section 14A can be made when computing book profit under Section 115JB if no expenses were debited in the profit and loss account for earning exempt income. The Tribunal emphasized that the Assessing Officer cannot alter accounts approved by the Board of Directors. Consequently, the appeal was partly allowed, with one ground dismissed as academic. en-us Wed, 13 Mar 2013 00:00:00 +0530 Wed, 24 Apr 2019 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280194 The Tribunal partly allowed the appellant's appeal, stating that no disallowance under Section 14A can be made when computing book profit under Section 115JB if no expenses were debited in the profit and loss account for earning exempt income. The Tribunal emphasized that the Assessing Officer cannot alter accounts approved by the Board of Directors. Consequently, the appeal was partly allowed, with one ground dismissed as academic. Case-Laws Income Tax Wed, 13 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280194