https://www.taxtmi.com/caselaws?id=386765 The Tribunal partly allowed the appeal, ruling that disallowance under Section 14A read with Rule 8D cannot be included in the computation of book profit under Section 115JB. It specified that expenses related to exempt income, excluding those under Section 10(38), must be added back to book profit. The Tribunal limited the disallowance to the amount of exempt income earned by the assessee, Rs. 43,150, thereby partially granting the appeal. en-us Thu, 03 Oct 2019 00:00:00 +0530 Mon, 07 Oct 2019 22:15:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386765 The Tribunal partly allowed the appeal, ruling that disallowance under Section 14A read with Rule 8D cannot be included in the computation of book profit under Section 115JB. It specified that expenses related to exempt income, excluding those under Section 10(38), must be added back to book profit. The Tribunal limited the disallowance to the amount of exempt income earned by the assessee, Rs. 43,150, thereby partially granting the appeal. Case-Laws Income Tax Thu, 03 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386765