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2012 (7) TMI 937 - AT - Income TaxAddition u/s 14A - computation of book profits under section 115JB - Held that:- We direct the Assessing Officer to adopt the book profits as per the Profit & Loss Account and do not make addition on account of disallowance worked out under section 14A of the Act, as such disallowance is computed under the normal provision of the Act, which are not applicable for determining book profits under section 115JB of the Act. - Decided in favour of assessee.
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