https://www.taxtmi.com/caselaws?id=429272 The Tribunal held that disallowance under Section 14A cannot be made while computing book profit under Section 115JB in a proceeding under Section 154, relying on precedents. Consequently, Ground II was allowed in favor of the assessee. Regarding the inclusion of surplus Passenger Service Fees (Security Component) in book profit computation under Section 115JB, the Tribunal found that it should not be included as it did not fall under any clauses of Explanation 1 to Section 115JB. Therefore, Ground III was also allowed in favor of the assessee, resulting in the partial allowance of the appeal. en-us Tue, 18 Oct 2022 00:00:00 +0530 Thu, 20 Oct 2022 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429272 The Tribunal held that disallowance under Section 14A cannot be made while computing book profit under Section 115JB in a proceeding under Section 154, relying on precedents. Consequently, Ground II was allowed in favor of the assessee. Regarding the inclusion of surplus Passenger Service Fees (Security Component) in book profit computation under Section 115JB, the Tribunal found that it should not be included as it did not fall under any clauses of Explanation 1 to Section 115JB. Therefore, Ground III was also allowed in favor of the assessee, resulting in the partial allowance of the appeal. Case-Laws Income Tax Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429272