https://www.taxtmi.com/caselaws?id=772767 ITAT Delhi ruled in favor of the assessee on three issues. First, CSR expenses cannot be added back while computing book profit under Section 115JB as AO must only consider additions/deductions specified in Explanation 1 to Section 115JB(2). Second, CIT(A) correctly deleted disallowance of NSEL trading loss as bad debt, finding it arose during business course and was factually irrecoverable. Third, Section 14A disallowance in MAT computation was properly deleted since Rule 8D(2) mechanism cannot apply to book profit calculations under Section 115JB, following Vireet Investments precedent. en-us Wed, 23 Apr 2025 00:00:00 +0530 Fri, 13 Jun 2025 08:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772767 ITAT Delhi ruled in favor of the assessee on three issues. First, CSR expenses cannot be added back while computing book profit under Section 115JB as AO must only consider additions/deductions specified in Explanation 1 to Section 115JB(2). Second, CIT(A) correctly deleted disallowance of NSEL trading loss as bad debt, finding it arose during business course and was factually irrecoverable. Third, Section 14A disallowance in MAT computation was properly deleted since Rule 8D(2) mechanism cannot apply to book profit calculations under Section 115JB, following Vireet Investments precedent. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772767