2016 (2) TMI 1085

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....e Appellant : Dr. Anitha Sumanth, Advocate 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 amoun....

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....at the disallowance is only disallowance for the purpose 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 t....