https://www.taxtmi.com/caselaws?id=473164 Section 115JB and clause (f) of Explanation 1 provide the framework for considering whether expenditure attributable to exempt income must be added to book profit. The issue includes interest voluntarily disallowed under the regular provisions. In the circumstances considered, the proposed book profit adjustments, including the voluntarily disallowed interest, were not required. en-us Wed, 29 Jul 2026 00:00:00 +0530 Thu, 05 Nov 2026 18:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=473164 Section 115JB and clause (f) of Explanation 1 provide the framework for considering whether expenditure attributable to exempt income must be added to book profit. The issue includes interest voluntarily disallowed under the regular provisions. In the circumstances considered, the proposed book profit adjustments, including the voluntarily disallowed interest, were not required. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=473164