https://www.taxtmi.com/caselaws?id=463080 The ITAT Kolkata upheld the CIT(A)'s order restricting disallowance under section 14A read with rule 8D to Rs. 5,10,242/-, deleting the excess addition made by the AO. The Tribunal further ruled that disallowance under section 14A read with rule 8D is not applicable to the computation of book profits under section 115JB, as section 14A pertains to total income computed under Chapter IV, whereas section 115JB falls under Chapter XIIB. Consequently, expenditure disallowance under section 14A cannot be made for the purpose of calculating income under section 115JB. The Revenue's appeal on these grounds was dismissed. en-us Wed, 19 Dec 2018 00:00:00 +0530 Tue, 05 Aug 2025 15:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463080 The ITAT Kolkata upheld the CIT(A)'s order restricting disallowance under section 14A read with rule 8D to Rs. 5,10,242/-, deleting the excess addition made by the AO. The Tribunal further ruled that disallowance under section 14A read with rule 8D is not applicable to the computation of book profits under section 115JB, as section 14A pertains to total income computed under Chapter IV, whereas section 115JB falls under Chapter XIIB. Consequently, expenditure disallowance under section 14A cannot be made for the purpose of calculating income under section 115JB. The Revenue's appeal on these grounds was dismissed. Case-Laws Income Tax Wed, 19 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463080