2020 (2) TMI 1404 - SCH - Income Tax

Disallowance u/s 14A not to be considered for book profit for calculation of book profit u/s 115JB - HELD THAT - After admitting the matter qua question no.2, the High Court in the operative portion of the directions remanded the matter for computation to be made by the Tribunal. In view of the said direction, we see no reason to interfere in these matters. These Special Leave Petitions are dismissed, leaving all questions of law open.

Summary

The Supreme Court of India in 2020 (2) TMI 1404 - SC Order, dismissed Special Leave Petitions, leaving all questions of law open. The High Court remanded the matter for computation by the Tribunal. Delay was condoned, and pending applications were disposed of.