2014 (1) TMI 1717

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..... KARUNAKARA RAO, AM: This Appeal filed by the assessee on 24.8.2012 is against the order of the CIT (A)-17, Mumbai dated 20.06.2012 for the assessment year 2006-2007. 2. At the outset, bringing our attention to the grounds raised in this appeal, Ld Counsel for the assessee mentioned that the issue relates to the disallowance u/s 14A of the Act for the purpose of computing the book profits u....

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....e purpose of computing the book profits u/s 115JB of the Act. Further, Ld Counsel brought our attention to page 30 to 34 of the paper books, wherein the similar proposition was laid down by the Tribunal for the AY 2008-2009 in the assessee's own case vide ITA No.3230/M/2012 and ITA No.2439/M/2012, dated 30.8.2013. Thus, the debatability of the issue was highlighted and demonstrated before us. When....