2016 (2) TMI 1085

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... NAI] and disallowed made u/s.14A r.w.r.8D cannot be added while computing book profit u/s.115JB of the Act that the disallowance is only disallowance for the purpose of computing the taxable income in the normal course. There is no provision in the Act to add this kind of disallowances while computing the book profit u/s.115JB of the Act and it cannot change the book profit on this count. Therefor .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 37,28,239/- disallowed u/s.14A r.w.r.8D of the Rules, while computing book profit u/s.115JB of the Act. However, the Tribunal has not adjudicated this issue. Hence, suitable findings may be given. The ld.D.R fairly conceded the above ground may be adjudicated. Admittedly, the assessee raised the above ground in ITA No.2277/Mds./2014. Inadvertently, the Tribunal failed to adjudicate this gr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ok profit u/s.115JB of the Act. Accordingly, this ground of the assessee to be considered as allowed. However, there is no change in final result of appeal in ITA No.2277/Mds./2014 dated 26.06.2015. Accordingly, this ground raised by the assessee is allowed. 2. In the result, the Miscellaneous Application filed by assessee is allowed. Order pronounced on Friday, the 19th of February,2016 at .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X