https://www.taxtmi.com/caselaws?id=290970 The tribunal upheld the AO's disallowance under section 14A read with Rule 8D, affirming the CIT(A)'s decision. However, it ruled in favor of the assessee regarding the adjustment to book profit under section 115JB, citing a Special Bench ruling that such adjustments should not consider disallowance under section 14A. The appeal was partially allowed. en-us Wed, 26 Jul 2017 00:00:00 +0530 Wed, 13 Nov 2024 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290970 The tribunal upheld the AO's disallowance under section 14A read with Rule 8D, affirming the CIT(A)'s decision. However, it ruled in favor of the assessee regarding the adjustment to book profit under section 115JB, citing a Special Bench ruling that such adjustments should not consider disallowance under section 14A. The appeal was partially allowed. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290970