2021 (1) TMI 1260

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....s Tax Appeal under Section 260A of the Income Tax Act, 1961 is at the instance of the Revenue and is directed against the order dated 20.02.2020 passed by the Income Tax Appellate Tribunal, Ahmedabad Bench "B", in the ITA No.2044/Ahd/2018 for the A.Y. 201516. 2. The Revenue has proposed the following substantial questions of law for consideration of this Court : "[A] Whether the Appell....

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.... is that, when the assessee has not made claim for exemption in the income from payment of tax in disallowance could be made under Section 14A of the Act. The second question would also not survive once the view is taken that there could not have been any disallowance under Section 14A read with Rule 8D of the Act. In such circumstances, there is no question of computing the Book Profit under Sect....