Held, that the amount of disallowance computed under section 14A-Cannot be considered while computing book profit. Interest on income tax refund-No power to make adjustment other than of items enumerated in Explanation 1. (AY.2017-18, 2018-19)
Dy. CIT v. Reliance Industries Ltd. (2024)109 ITR 180 (Mum)(Trib)
S. 115JB : Company-Book profit-Exempt income-Cannot be considered while computing book profit-Interest on income tax refund-No power to make adjustment other than of items enumerated in Explanation 1. [S. 14A, R.8D]
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