INCOME TAX ACT, 1961

Section 115JB(2), Expln. 1

MAT - Computation of book profit - Under section 115JB - Treatment of amount disallowed under section 14A

AO added back amount disallowed under section 14A while computing book profit under section 115JB.Held: No increase or decrease could be effected in book profit calculated under section 115JB on account of disallowance made under section 14A.

Followed:Asstt. CIT v. Vireet Investments (P) Ltd. (2017) 58 ITR (Trib) 313 (Del) : 2017 TaxPub(DT) 1760 (Del-Trib).

REFERRED :

FAVOUR : In assessee's favour.

A.Y. : 2012-13

INCOME TAX ACT, 1961

Section 37(1)

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