2016 (2) TMI 1085

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....dvocate For the Respondent : A. V. Sreekanth, JCIT, D.R ORDER Chandra Poojari (Accountant Member) This Miscellaneous Application filed by the assessee stating that the assessee raised ground No.5 in ITA No.2277/Mds./2014 which reads as follows:- "5. The Ld.CIT(A) erred on facts and in law in confirming the action of the AO in adding the amount of Rs. 37,28,239/- disallowed u/s.14A r.w.r.8D o....

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....pose of computing the taxable income in the normal course. There is no provision in the Act to add this kind of disallowances while computing the book profit u/s.115JB of the Act and it cannot change the book profit on this count. Therefore, even if there is an addition in view of provision u/s.14A r.w.r.8D, that cannot be added back to compute the book profit u/s.115JB of the Act. Accordingly, th....