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| The Tax Publishers2020 TaxPub(DT) 1359 (Kol-Trib) : (2020) 078 ITR (Trib) 0001 INCOME TAX ACT, 1961
Section 14A, 115JB
Disallowance under section 14A relatable to exempt income cannot be added for computation of book profit under section 115JB.
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MAT - Computation of book profit - AO made addition of amount disallowed under section 14A -
AO while computing book profit of assesse-company under section 115JB added the amount disallowed under section 14A. Held: Computation under clause (f) of Explanation 1 to section 115JB was to be made without reference to amount disallowed under section 14A read with rule 8D.
Relied: CIT v. Bengal Finance and Investments (P) Ltd. (I.T.A. No. 337 of 2013) : 2018 TaxPub(DT) 0145 (Bom-HC).
REFERRED :
FAVOUR : in assesse's favour.
A.Y. : 2011-12
INCOME TAX ACT, 1961
Section 43B proviso, section 36(1)(va)
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