https://www.taxtmi.com/caselaws?id=297405 Section 14A disallowance was treated as a quantification issue and confined to the exempt income earned during the year for normal computation. The same disallowance was held not to be added back while computing book profit under section 115JB, consistent with the settled position on MAT adjustments. The Tribunal also allowed a claim for additional depreciation raised during assessment proceedings without a revised return, noting that appellate authorities can entertain a fresh claim and that consistency supported the allowance because the claim had been accepted in an earlier year. The Revenue's appeal therefore failed in full. en-us Wed, 11 Nov 2020 00:00:00 +0530 Thu, 02 Sep 2021 22:51:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297405 Section 14A disallowance was treated as a quantification issue and confined to the exempt income earned during the year for normal computation. The same disallowance was held not to be added back while computing book profit under section 115JB, consistent with the settled position on MAT adjustments. The Tribunal also allowed a claim for additional depreciation raised during assessment proceedings without a revised return, noting that appellate authorities can entertain a fresh claim and that consistency supported the allowance because the claim had been accepted in an earlier year. The Revenue's appeal therefore failed in full. Case-Laws Income Tax Wed, 11 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297405