https://www.taxtmi.com/caselaws?id=284289 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. Regarding the disallowance under section 14A, as no exempt income was received in the relevant year, the Tribunal affirmed the CIT(A)'s direction to retain the company's suo-motu disallowance amount. Additionally, in the computation of 'book profit' under section 115JB, the Tribunal agreed with the CIT(A)'s deletion of the Assessing Officer's addition based on the absence of exempt income and consistent precedent. en-us Fri, 22 Jul 2016 00:00:00 +0530 Sun, 10 Nov 2019 18:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284289 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on both issues. Regarding the disallowance under section 14A, as no exempt income was received in the relevant year, the Tribunal affirmed the CIT(A)'s direction to retain the company's suo-motu disallowance amount. Additionally, in the computation of 'book profit' under section 115JB, the Tribunal agreed with the CIT(A)'s deletion of the Assessing Officer's addition based on the absence of exempt income and consistent precedent. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284289