https://www.taxtmi.com/caselaws?id=410794 The Tribunal allowed the Revenue's Miscellaneous Application seeking rectification under section 254(2) of the I.T. Act in relation to ITA No. 4754/Mum/2014 for A.Y. 2009-10. Ground No. 2 in the Revenue's appeal regarding disallowance under section 14A to book profits u/s. 115JB remained unadjudicated. The Tribunal recalled the order solely to address this ground, emphasizing the need for fresh consideration as per the Bombay High Court's decision that disallowance under section 14A cannot be imported into section 115JB. en-us Fri, 06 Aug 2021 00:00:00 +0530 Tue, 10 Aug 2021 08:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410794 The Tribunal allowed the Revenue's Miscellaneous Application seeking rectification under section 254(2) of the I.T. Act in relation to ITA No. 4754/Mum/2014 for A.Y. 2009-10. Ground No. 2 in the Revenue's appeal regarding disallowance under section 14A to book profits u/s. 115JB remained unadjudicated. The Tribunal recalled the order solely to address this ground, emphasizing the need for fresh consideration as per the Bombay High Court's decision that disallowance under section 14A cannot be imported into section 115JB. Case-Laws Income Tax Fri, 06 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410794