https://www.taxtmi.com/caselaws?id=285844 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the Revenue's appeals on disallowance under Section 14A, interest disallowance under Section 36(1)(iii), and capitalization of capital advances. The Tribunal directed the AO to re-compute the book profit under Section 115JB, excluding the wealth tax provision. The judgments in ITA No.372/Chd/2015 were applied mutatis mutandis to ITA Nos. 396/Chd/2015 and 397/Chd/2015. en-us Tue, 19 Apr 2016 00:00:00 +0530 Wed, 29 Jan 2020 18:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285844 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing the Revenue's appeals on disallowance under Section 14A, interest disallowance under Section 36(1)(iii), and capitalization of capital advances. The Tribunal directed the AO to re-compute the book profit under Section 115JB, excluding the wealth tax provision. The judgments in ITA No.372/Chd/2015 were applied mutatis mutandis to ITA Nos. 396/Chd/2015 and 397/Chd/2015. Case-Laws Income Tax Tue, 19 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285844