https://www.taxtmi.com/caselaws?id=412278 The Tribunal dismissed the revenue's appeal and allowed the assessee's appeal, affirming that disallowance under Section 14A should be restricted to the amount of exempt income, no disallowance under Section 14A is required while computing book profits under Section 115JB, and notional annual letting value of unsold flats held as stock-in-trade should be treated as business income. en-us Mon, 06 Sep 2021 00:00:00 +0530 Tue, 14 Sep 2021 10:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412278 The Tribunal dismissed the revenue's appeal and allowed the assessee's appeal, affirming that disallowance under Section 14A should be restricted to the amount of exempt income, no disallowance under Section 14A is required while computing book profits under Section 115JB, and notional annual letting value of unsold flats held as stock-in-trade should be treated as business income. Case-Laws Income Tax Mon, 06 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412278