9911796707
TMI Blog2022 (6) TMI 1468X X X X Extracts X X X X X X X X Extracts X X X X ..... er Section 14A while computing of Book Profit under Section 115JB - HELD THAT:-The present Tax Appeal is Admitted on the following substantial questions of law. (i) Whether in the facts and circumstances of the case, could it not be said that the Appellate Tribunal committed an error in deleting the additions made on the count of fictitious losses from National Multi Commodity Exchange trading and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... circumstances of the case and in law the Appellate Tribunal was justified in excluding the disallowance made under Section 14A while computing of Book Profit under Section 115JB ignoring the clause (f) of Explanation1 to Section 115JB(2)? (iv) Whether Appellate Tribunal committed an error in deleting the additions in respect of the allowance of losses taken from M/s. Mari Gold Vanijya Private Limi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... de on the count of fictitious losses from National Multi Commodity Exchange trading and also the disallowance under Section 14A in course of the assessment undertaken under Section 153A of the act, more particularly having regard to the import purport and the language of the said provision, holding that the additions have to be confined to the incriminating material found during the course of sear ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 to Section 115JB(2)? (iv) Whether in the facts and circumstances of the case, the Appellate Tribunal committed an error in deleting the additions in respect of the allowance of losses taken from M/s. Mari Gold Vanijya Private Limited, Kolkata without appreciating the entire set of facts attended to the said aspect, whether the transaction evidenced that it was in the nature of accommodation entr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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