https://www.taxtmi.com/caselaws?id=292626 The Tribunal ruled in favor of the assessee, a Private Limited Company in the pharmaceutical industry, in an appeal against the invocation of powers under Section 263 of the Act by the Ld. Pr. CIT. The issue revolved around the disallowance under Section 14A not being added back to the book profit for Minimum Alternate Tax (MAT) computation. The Tribunal held that such addition was not warranted, citing precedents and legal principles. Consequently, the order under Section 263 was quashed, and the assessee's appeal was allowed on 30th October 2019. en-us Wed, 30 Oct 2019 00:00:00 +0530 Sat, 02 Jan 2021 09:46:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292626 The Tribunal ruled in favor of the assessee, a Private Limited Company in the pharmaceutical industry, in an appeal against the invocation of powers under Section 263 of the Act by the Ld. Pr. CIT. The issue revolved around the disallowance under Section 14A not being added back to the book profit for Minimum Alternate Tax (MAT) computation. The Tribunal held that such addition was not warranted, citing precedents and legal principles. Consequently, the order under Section 263 was quashed, and the assessee's appeal was allowed on 30th October 2019. Case-Laws Income Tax Wed, 30 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292626