Dismissing the appeal of the Revenue the Court held that while computation of book profit under section 115 JB no addition in book profit could be made on basis of calculations worked out under section 14A of the Act. (AY. 2014-15)
PCIT v. Gujarat Flurochemicals Ltd. (2023) 459 ITR 242/ 295 Taxman 200 (Guj.)(HC)
S. 115JB : Book profit-Addition cannot be made on the basis of calculations worked under section 14A of the Act. [S. 14A, R.8D]