https://www.taxtmi.com/caselaws?id=402786 The court ruled in favor of the assessee, quashing the findings against them by the tribunal. The judgment clarified the interpretation of Section 115JB regarding disallowance of indirect expenditure under Section 14A for MAT purposes, the applicability of Section 14A in computing book profit under Section 115JB, and the treatment of exempt income under Sections 10(2A) and 10(35) in relation to expenditure disallowance under Section 14A. en-us Mon, 04 Jan 2021 00:00:00 +0530 Fri, 02 Jul 2021 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402786 The court ruled in favor of the assessee, quashing the findings against them by the tribunal. The judgment clarified the interpretation of Section 115JB regarding disallowance of indirect expenditure under Section 14A for MAT purposes, the applicability of Section 14A in computing book profit under Section 115JB, and the treatment of exempt income under Sections 10(2A) and 10(35) in relation to expenditure disallowance under Section 14A. Case-Laws Income Tax Mon, 04 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402786