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2019 (10) TMI 1376 - AT - Income TaxRevision u/s 263 - disallowance made U/s. 14A of the Act was not added back to the book profit while computing the MAT U/s. 115JB - HELD THAT:- Since, it is already decided by the Chennai and Mumbai Bench of the Tribunal that disallowance made U/s. 14A of the Act while computing the profit under the normal provisions of the Act, need not be added back to the book profit while computing MAT U/s. 115JB of the Act, we do not find the order of the Ld. AO to be prejudicial to the interest of the Revenue. Therefore, we are of the considered view that the powers invoked by the Ld. Pr. CIT U/s. 263 of the Act is erroneous. Hence, we hereby quash the order passed by the Ld.Pr. CIT U/s.263 - Decided in favour of assessee.
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