https://www.taxtmi.com/caselaws?id=782297 ITAT allowed the assessee's claim for deduction u/s 80IA following its own order in an earlier AY. On disallowance u/s 14A r.w. Rule 8D and its impact on book profits u/s 115JB for AYs 2017-18 and 2018-19, ITAT remanded the matter to the AO to recompute disallowance as per the amended Rule 8D, restricting it to 1% of the average investments actually yielding exempt income, after determining the actual exempt income. Provision for leave encashment, gratuity and post-retirement medical benefits, being actuarially determined present liabilities, was held allowable and not an unascertained liability for MAT purposes. Deletion by CIT(A) of disallowance relating to depreciation on amortization of land u/s 115JB was upheld. en-us Wed, 29 Oct 2025 00:00:00 +0530 Thu, 27 Nov 2025 08:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782297 ITAT allowed the assessee's claim for deduction u/s 80IA following its own order in an earlier AY. On disallowance u/s 14A r.w. Rule 8D and its impact on book profits u/s 115JB for AYs 2017-18 and 2018-19, ITAT remanded the matter to the AO to recompute disallowance as per the amended Rule 8D, restricting it to 1% of the average investments actually yielding exempt income, after determining the actual exempt income. Provision for leave encashment, gratuity and post-retirement medical benefits, being actuarially determined present liabilities, was held allowable and not an unascertained liability for MAT purposes. Deletion by CIT(A) of disallowance relating to depreciation on amortization of land u/s 115JB was upheld. Case-Laws Income Tax Wed, 29 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782297