Tribunal held that the Assessing Officer while computing the “book profits” under section 115JB of the Act shall not resort to the computation as contemplated under section 14A read with rule 8D of the Income-tax Rules, 1962. Followed ACIT v. Vireet Investment Pvt. Ltd. [2017 58 ITR (Trib) 313 (Delhi)(Trib.). (AY.2015-16)
Ameya Logistics Pvt. Ltd. v. Dy. CIT (2020) 83 ITR 46 (SN) (Mum.) (Trib.)
S. 115JB : Book profit-Disallowance under Section 14A not to be included while computing book profit. [S. 14A]