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2019 (1) TMI 32 - AT - Income TaxDisallowance u/s 14A resulting an impact on the book profit under section 115JB - MAT - Held that:- In the present case there is no addition made under section 14A. This is an additional aspect. Hence, facts in the present case rather on better footing than in the case of Gujarat Flurochemicals Ltd.[2018 (8) TMI 857 - ITAT AHMEDABAD]]. Otherwise there is no disparity on the issue. The Tribunal in the case of Gujarat Flurochemicals (supra) held that the amounts disallowed under section 14A r.w. rule 8D do not deserves to be added back to the book profit for consideration under section 115JB. The question has been replied in favour of the assessee, and hence, it could not be added back. Similar view has been taken in the case of Torrent Cable Ltd. [2018 (6) TMI 743 - ITAT AHMEDABAD]. Therefore, respectfully following order of the Coordinate Bench (where both of us are party to the earlier orders) we do not find any merit in this appeal of the Revenue. - Decided in favour of assessee.
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