Disallowance of expenditure made under section 14A could not be added for purpose of computing book profits . Reduction of provision for bad and doubtful debt written back credited to profit and loss account of assessee could not be added for purpose of computing book profit . ( AY. 2008 -09 )
Karnataka State Industrial and Infrastructure Development Corporation Ltd v. Dy. CIT (2021) 281 Taxman 312 (Karn.) ( HC)
S. 115JB : Book profit – Exempt income – Disallowance of expenditure made under section – No addition can be made while computing book profits-Reduction of provision for bad and doubtful debt written back- Addition cannot be made for purpose of computing book profit . [ S.14A, 36( 1) (vii) ]