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2019 (4) TMI 2050 - AT - Income TaxDisallowance u/s 14A for determining the Book Profits u/s 115JB - AO was of the opinion that in determining the Book Profits disallowance u/s 14A was excluded - HELD THAT:- We are of the opinion that the disallowance u/s 14A shall not be considered for computation of Book Profits u/s 115JB of the Act. See VIREET INVESTMENT (P.) LTD. [2017 (6) TMI 1124 - ITAT DELHI] - Accordingly, we set-aside the order of the CIT (A) and direct the Assessing Officer to delete the addition and allowed grounds of appeal of the assessee.
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