https://www.taxtmi.com/highlights?id=75712 Addition u/s 14A r.w.r. 8D - Addition under special provision u/s 115JB - Minimum Alternate Tax (MAT) - the case revolved around the disallowance made under Section 14A of the Income Tax Act and its implications for computing Minimum Alternate Tax (MAT) under Section 115JB. The Court upheld the ITAT's decision to delete the disallowance under Section 14A and concluded that such disallowance cannot be added back to book profit for MAT computation under Section 115JB. en-us Fri, 15 Mar 2024 10:23:00 +0530 Fri, 15 Mar 2024 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75712 Addition u/s 14A r.w.r. 8D - Addition under special provision u/s 115JB - Minimum Alternate Tax (MAT) - the case revolved around the disallowance made under Section 14A of the Income Tax Act and its implications for computing Minimum Alternate Tax (MAT) under Section 115JB. The Court upheld the ITAT's decision to delete the disallowance under Section 14A and concluded that such disallowance cannot be added back to book profit for MAT computation under Section 115JB. Highlights Income Tax Fri, 15 Mar 2024 10:23:00 +0530 https://www.taxtmi.com/highlights?id=75712