Disallowance made u/s 14A of the Income Tax Act, 1961 for computing book profit u/s 115JB

Last updated: 23 September 2021
Quick Summary
This judgement concerns the disallowance made under Section 14A of the Income Tax Act, 1961, when calculating book profit under Section 115JB. The Tribunal ruled that the computation for book profit under Section 115JB should not include disallowances made under Section 14A. Therefore, the Assessing Officer was directed to remove the Section 14A disallowance from the book profit calculation.

Court :
ITAT Delhi

Brief :
This appeal by the assessee is preferred against the order of the Commissioner of Income Tax [Appeals] � I, New Delhi dated 29.03.2019 pertaining to assessment year 2014-15.

Citation :
ITA No. 4820/DEL/2019

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1 Year PLAN
1999
(Excl. of GST ₹359)

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2 Years PLAN
3499
(Excl. of GST ₹629)

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