https://www.taxtmi.com/caselaws?id=289992 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s order on all issues. It ruled that the deletion of Rural Employment Cess and Primary Education Cess was justified, as these were not trading receipts. Disallowances under Section 14A, both in the context of Rule 8D and Section 115JB, were also correctly deleted, as they were not applicable for book profit computation. The Tribunal's decision relied on its prior rulings in the assessee's case, with no change in facts or law warranting a different outcome. The decision was pronounced on 07/12/2018. en-us Fri, 07 Dec 2018 00:00:00 +0530 Thu, 14 Nov 2024 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289992 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s order on all issues. It ruled that the deletion of Rural Employment Cess and Primary Education Cess was justified, as these were not trading receipts. Disallowances under Section 14A, both in the context of Rule 8D and Section 115JB, were also correctly deleted, as they were not applicable for book profit computation. The Tribunal's decision relied on its prior rulings in the assessee's case, with no change in facts or law warranting a different outcome. The decision was pronounced on 07/12/2018. Case-Laws Income Tax Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289992