https://www.taxtmi.com/caselaws?id=391376 The assessee's appeal was partly allowed by the ITAT. The Tribunal limited the disallowance under Section 14A read with Rule 8D to the amount of exempt income and removed the addition under Section 14A in the book profit calculation under Section 115JB. The issues concerning interest under Sections 234B and 234C, and penalty proceedings under Section 271(1)(c), were not further detailed in the judgment. en-us Fri, 17 Jan 2020 00:00:00 +0530 Thu, 07 Nov 2024 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391376 The assessee's appeal was partly allowed by the ITAT. The Tribunal limited the disallowance under Section 14A read with Rule 8D to the amount of exempt income and removed the addition under Section 14A in the book profit calculation under Section 115JB. The issues concerning interest under Sections 234B and 234C, and penalty proceedings under Section 271(1)(c), were not further detailed in the judgment. Case-Laws Income Tax Fri, 17 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391376