High Court held that where disallowance under substantive provision i.e. section 14A had been deleted, question of consequential adjustments in book profit under section 115JB did not arise. SLP of Revenue is dismissed. filed against impugned order of High Court was to be dismissed. (AY. 2011-12)
PCIT, Central v. Shapoorji Pallonji and Co. Ltd. (2024) 300 Taxman 182 (SC) Editorial : PCIT, Central v. Shapoorji Pallonji and Co. Ltd. (2024) 164 taxman.com 707 (Bom)(HC)
S. 115JB : Book profit-Disallowance under substantive provision i.e. section 14A had been deleted by Tribunal is affirmed by High Court-SLP of Revenue is dismissed. [S. 14A, 260A, R.8D, Art. 136]