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TMI Blog2014 (11) TMI 1169X X X X Extracts X X X X X X X X Extracts X X X X ..... T (2010 (8) TMI 77 - BOMBAY HIGH COURT) Disallowance u/s 14A not to be considered for book profit for calculation of book profit u/s 115JB - Held that:- We accept the submission of assessee that the provision of section 115JB in the matter of computation is a complete code in itself and resort need not and cannot be made to section 14A of the Act. - G.A.No.1501 of 2014 ITAT 47 of 2014 - - - D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... elying on the decision of Godrej Boyce manufacturing Ltd. vs. CIT (328 ITR 81) ? 2. Whether on the facts and in the circumstances of the case the Ld. Tribunal has erred in law in upholding the order of CIT (Appeals) that disallowance under Section 14A of the I.T.Act, 1961, amounting to ₹ 2,20,15,787/- is not to be considered for book profit for calculation of book profit under Section 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n the decision in case of CIT vs. AFT Industries Ltd. (270 ITR 167) against which SLP has been admitted and appeal is pending before the Hon ble Apex Court ? 5. Whether on the facts and in the circumstances of the case Ld.Tribunal has erred in law in holding that the amount of depreciation of ₹ 32,07,083/- on plant and machinery purchased out of the amount received from NABARD was not war ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... deration of the crossobjection of the respondent/assessee. So far as the question no.3 is concerned, the department has accepted the position as we find from the orders made earlier and even from the appeal therefrom being Income Tax Appeal No.151 of 2009 in this assessee s case where the department did not carry any challenge in that regard. Question nos.4,5 and 6 raised by the revenue stand d ..... X X X X Extracts X X X X X X X X Extracts X X X X
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