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2018 (10) TMI 850 - AT - Income TaxDisallowance u/s 14A in computation of book profit u/s 115JB - Held that:- Hon’ble Supreme Court rendered in Apollo Tyres Ltd. Vs. CIT [2002 (5) TMI 5 - SUPREME COURT] which held that the Assessing Officer did not have the jurisdiction to go behind the net profit shown in the Profit & Loss Account except to the extent provided in Explanation to Section 115J. We hold that adjustment of disallowance u/s 14A was not required to be made in Book Profits for the purpose of Section 115JB. Revenue’s appeal stands dismissed.
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