Held that quantification of expenditure on salaries paid to the employees of the treasury department made by the assessee on the basis of the area occupied by that department is reasonable and, therefore, disallowance is directed to be restricted to that extent only. Adjustment of disallowance under s. 14A not required to be made in the book profit for MAT liability. (AY. 2018-19)
BSE Ltd. v. CIT (A) (2025) 233 TTJ 214 / 245 DTR 1 (Mum)(Trib)
S.14A : Disallowance of expenditure-Exempt income-salaries paid to the employees of the treasury department-Allocaation of eexpenses on the basis of area occupied by the department-Held to be reasonable-Book profit-Adjustment of disallowance under s. 14A is not required to be made in the book profit for MAT liability. [S.115JB, R.8D]
Leave a Reply