https://www.taxtmi.com/caselaws?id=284416 The Tribunal partly allowed the Revenue's appeal, upholding deductions under section 80IB for hedging profits and expenses for business unit maintenance. Disallowances under section 14A were upheld with a 5% adjustment. The Tribunal directed the AO to decide disallowances to book profit under section 115JB without section 14A computation. The decisions were based on prior rulings and legal interpretations of the Income Tax Act. en-us Wed, 14 Nov 2018 00:00:00 +0530 Sat, 11 Jan 2020 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284416 The Tribunal partly allowed the Revenue's appeal, upholding deductions under section 80IB for hedging profits and expenses for business unit maintenance. Disallowances under section 14A were upheld with a 5% adjustment. The Tribunal directed the AO to decide disallowances to book profit under section 115JB without section 14A computation. The decisions were based on prior rulings and legal interpretations of the Income Tax Act. Case-Laws Income Tax Wed, 14 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284416