Held that suo motu disallowance made by the assessee was allowed Followed earlier year order. While computing book profit, expenses incurred to earn exempt income not to be added for computing book profits. (AY. 2013-14 to 2015-16)
Rasna Pvt. Ltd. v. Dy.CIT (2021) 90 ITR 39 (SN) (Ahd.)(Trib.)
S. 14A : Disallowance of expenditure-Exempt income-Administrative expenditure-Suo motu disallowance made by the assessee was allowed-Followed earlier year order-Book profit-Expenses Incurred To Earn Exempt Income-Not To Be Added For Computing Book Profits. [S. 115JB, R. 8D(2)]