https://www.taxtmi.com/caselaws?id=413504 The Tribunal dismissed the Department's appeal challenging the deletion of disallowance u/s. 14A in computing book profits under Section 115JB of the Income Tax Act. Citing previous decisions and a High Court ruling, the Tribunal held that addition u/s. 14A cannot be made to book profits without specific reference in Section 115JB. The appeal was ultimately dismissed in favor of the assessee, affirming the decision of the Ld. First Appellate Authority. en-us Thu, 30 Sep 2021 00:00:00 +0530 Wed, 13 Oct 2021 08:44:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413504 The Tribunal dismissed the Department's appeal challenging the deletion of disallowance u/s. 14A in computing book profits under Section 115JB of the Income Tax Act. Citing previous decisions and a High Court ruling, the Tribunal held that addition u/s. 14A cannot be made to book profits without specific reference in Section 115JB. The appeal was ultimately dismissed in favor of the assessee, affirming the decision of the Ld. First Appellate Authority. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413504