https://www.taxtmi.com/caselaws?id=304260 The Tribunal allowed the appeal, setting aside the disallowance under Section 14-A due to the lack of nexus between expenses and exempt income. The increase in book profit under Section 115JB was deemed irrelevant following the deletion of the disallowance. The Tribunal directed the correct computation of interest under Section 234C, emphasizing the importance of establishing a nexus for disallowance under Section 14-A and clarifying the method of charging interest under Section 234C. en-us Thu, 25 Oct 2018 00:00:00 +0530 Thu, 15 Sep 2022 20:36:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304260 The Tribunal allowed the appeal, setting aside the disallowance under Section 14-A due to the lack of nexus between expenses and exempt income. The increase in book profit under Section 115JB was deemed irrelevant following the deletion of the disallowance. The Tribunal directed the correct computation of interest under Section 234C, emphasizing the importance of establishing a nexus for disallowance under Section 14-A and clarifying the method of charging interest under Section 234C. Case-Laws Income Tax Thu, 25 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304260