https://www.taxtmi.com/caselaws?id=396233 The Tribunal dismissed the revenue's appeal, ruling that the Assessing Officer cannot add the disallowance under section 14A while computing book profits under section 115JB, in line with the Special Bench decision. The Tribunal emphasized that the issue was debatable and not a mistake apparent on record, aligning with the CIT(A)'s decision. The jurisdictional conflict between ITAT Bangalore and Special Bench ITAT Delhi showcased the differing interpretations regarding the treatment of disallowance under section 14A, highlighting the complexity and debate in tax law. en-us Wed, 24 Jun 2020 00:00:00 +0530 Fri, 26 Jun 2020 09:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396233 The Tribunal dismissed the revenue's appeal, ruling that the Assessing Officer cannot add the disallowance under section 14A while computing book profits under section 115JB, in line with the Special Bench decision. The Tribunal emphasized that the issue was debatable and not a mistake apparent on record, aligning with the CIT(A)'s decision. The jurisdictional conflict between ITAT Bangalore and Special Bench ITAT Delhi showcased the differing interpretations regarding the treatment of disallowance under section 14A, highlighting the complexity and debate in tax law. Case-Laws Income Tax Wed, 24 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396233