Addition to book profit by adding the expenditure u/s 14A to the ...

Dispute over including Section 14A expenses in book profit; only direct expenses allowed u/s 115JB(2).

March 30, 2015

Case Laws Income Tax AT

Addition to book profit by adding the expenditure u/s 14A to the book profit - There is no basis for the argument u/s. 115JB of the Act, it is only direct expenses that are contemplated as capable of being added to the profits as per P&L account under clause (f) to Expln.1 below Sec.115JB(2) - AT

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Addition to book profit by adding the expenditure u/s 14A to the ...

Dispute over including Section 14A expenses in book profit; only direct expenses allowed u/s 115JB(2).

March 30, 2015

Case Laws Income Tax AT

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