INCOME TAX ACT, 1961

Section 115JB Section 14A

MAT - Computation of book profit - AO made addition of amount disallowed under section 14A -

AO while computing book profit of assessee-company under section 115JB made addition of amount disallowed under section 14A.Held: No addition to book profit would be made on the basis of calculations worked out under section 14A.

Followed:Pr. CIT v. Gujarat Fluorochemicals Ltd [TA. No.28 of 2019 decided on 17-6-2019] : 2019 TaxPub(DT) 5201 (Guj-HC).

REFERRED :

FAVOUR : In assessee's favour.

A.Y. : 2010-11

INCOME TAX ACT, 1961

Section 260A Section 14A

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