https://www.taxtmi.com/caselaws?id=292572 Section 14A read with Rule 8D cannot be imported into computation of book profit under section 115JB because MAT operates as a self-contained code. Expenditure relatable to exempt income must instead be determined independently under clause (f) of Explanation 1 to section 115JB. On that basis, the addition made by applying section 14A while computing book profit was held unsustainable, and the matter was remitted for fresh computation under section 115JB. en-us Fri, 16 Feb 2018 00:00:00 +0530 Wed, 13 Nov 2024 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292572 Section 14A read with Rule 8D cannot be imported into computation of book profit under section 115JB because MAT operates as a self-contained code. Expenditure relatable to exempt income must instead be determined independently under clause (f) of Explanation 1 to section 115JB. On that basis, the addition made by applying section 14A while computing book profit was held unsustainable, and the matter was remitted for fresh computation under section 115JB. Case-Laws Income Tax Fri, 16 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292572