https://www.taxtmi.com/caselaws?id=787774 Addition under the disallowance provision for exempt dividend income and Rule 8D was examined for its effect on computation of book profits for MAT; the tribunal applied the principle that such disallowance should not be carried into MAT computation absent an express MAT adjustment in the assessment order, and found assessment record contained no MAT-specific adjustment or revision. Outcome: the impugned disallowance and any consequential increase to book profits for MAT purposes were deleted and the assessee's appeal was allowed. en-us Wed, 11 Feb 2026 00:00:00 +0530 Thu, 12 Mar 2026 08:33:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787774 Addition under the disallowance provision for exempt dividend income and Rule 8D was examined for its effect on computation of book profits for MAT; the tribunal applied the principle that such disallowance should not be carried into MAT computation absent an express MAT adjustment in the assessment order, and found assessment record contained no MAT-specific adjustment or revision. Outcome: the impugned disallowance and any consequential increase to book profits for MAT purposes were deleted and the assessee's appeal was allowed. Case-Laws Income Tax Wed, 11 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787774