https://www.taxtmi.com/caselaws?id=303261 The High Court of Gujarat dismissed the Tax Appeal filed by the Revenue, as the issues regarding the deletion of additions under Section 14A of the Income Tax Act, 1961, and the computation of Book Profit under Section 115JB were resolved in favor of the assessee based on established legal principles and precedents. The Court held that if the assessee has not claimed exemption in the income from payment of tax, then disallowance under Section 14A of the Act could not be made, leading to the dismissal of the appeal. en-us Mon, 25 Jan 2021 00:00:00 +0530 Tue, 12 Jul 2022 09:12:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303261 The High Court of Gujarat dismissed the Tax Appeal filed by the Revenue, as the issues regarding the deletion of additions under Section 14A of the Income Tax Act, 1961, and the computation of Book Profit under Section 115JB were resolved in favor of the assessee based on established legal principles and precedents. The Court held that if the assessee has not claimed exemption in the income from payment of tax, then disallowance under Section 14A of the Act could not be made, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 25 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303261