https://www.taxtmi.com/highlights?id=53057 Disallowance u/s 14A r.w.r 8D - These expenses are directly relatable to earning of exempt income and the same has already been disallowed by the assessee while computing its income under normal provisions. However, the same has not been added back while computing Book Profits u/s115JB. Keeping in view the clause (f) to explanation-1 to Section 115JB (2), the same would be added back while computing Book Profits u/s 115JB. en-us Mon, 20 Apr 2020 12:51:18 +0530 Mon, 20 Apr 2020 12:51:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53057 Disallowance u/s 14A r.w.r 8D - These expenses are directly relatable to earning of exempt income and the same has already been disallowed by the assessee while computing its income under normal provisions. However, the same has not been added back while computing Book Profits u/s115JB. Keeping in view the clause (f) to explanation-1 to Section 115JB (2), the same would be added back while computing Book Profits u/s 115JB. Highlights Income Tax Mon, 20 Apr 2020 12:51:18 +0530 https://www.taxtmi.com/highlights?id=53057