The Tax Publishers2020 TaxPub(DT) 2289 (Kol-Trib)

INCOME TAX ACT, 1961

Section 14A read with Section 115JB

Following Vireet Investments Ltd., 2017 TaxPub(DT) 1760 addition could not be made under section 14A to book profits of assessee.

Disallowance under section 14A - Applicability of provision - Addition made on book profit of assessee -

Revenue was aggrieved by order of CIT(A) deleting addition made under section 14A to the book profit of assessee. Held: Issue was covered in favour of assessee by decision of Special Bench of Delhi Tribunal in case of Vireet Investments Ltd. [(2017) 82 taxmann.com 415 (Delhi-Trib) (SB) : 2017 TaxPub(DT) 1760 (Del-Trib) (SB)]. CIT(A) applied said decision and thus, same was upheld.

Followed:Vireet Investments Ltd. [(2017) 2017 TaxPub(DT) 1760 (Del-Trib) (SB)].

REFERRED :

FAVOUR : In assessee's favour

A.Y. : 2012-13

INCOME TAX ACT, 1961

Section 143(3)

SUBSCRIBE TaxPublishers.inSUBSCRIBE FOR FULL CONTENT

OR Try Reload the Page