https://www.taxtmi.com/caselaws?id=393461 The Tribunal partly allowed the assessee's appeals for both assessment years, dismissing the revenue's appeals. It directed the Assessing Officer to re-examine the classification of various incomes and the applicability of Section 115JB, adjudicating them as per law. The disallowance under Section 14A was deleted, and the adjustment for computing Book Profits under Section 115JB was negated. The Tribunal emphasized the consideration of the revised computation of income to determine the correct income of the assessee. en-us Fri, 13 Mar 2020 00:00:00 +0530 Sun, 15 Mar 2020 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393461 The Tribunal partly allowed the assessee's appeals for both assessment years, dismissing the revenue's appeals. It directed the Assessing Officer to re-examine the classification of various incomes and the applicability of Section 115JB, adjudicating them as per law. The disallowance under Section 14A was deleted, and the adjustment for computing Book Profits under Section 115JB was negated. The Tribunal emphasized the consideration of the revised computation of income to determine the correct income of the assessee. Case-Laws Income Tax Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393461