https://www.taxtmi.com/caselaws?id=303294 The disallowance under section 14A and the addition to the book profit u/s. 115JB were both deleted by the ld. CIT(A) and upheld by the Tribunal. This decision was based on the absence of exempt income earned by the assessee during the relevant year and legal precedents supporting the conclusion that disallowance under section 14A should not be made if no claim for exemption is filed, and such disallowance should not be added to the book profit under section 115JB. en-us Thu, 20 Feb 2020 00:00:00 +0530 Fri, 09 Sep 2022 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303294 The disallowance under section 14A and the addition to the book profit u/s. 115JB were both deleted by the ld. CIT(A) and upheld by the Tribunal. This decision was based on the absence of exempt income earned by the assessee during the relevant year and legal precedents supporting the conclusion that disallowance under section 14A should not be made if no claim for exemption is filed, and such disallowance should not be added to the book profit under section 115JB. Case-Laws Income Tax Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303294