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2019 (8) TMI 809 - HC - Income TaxDisallowance u/s 14A r.w.r. 8D - addition of expenditure incurred in relation to exempt dividend income - provision for non-performing assets allowability - transfer to special reserve in terms of section 45-IC of the Reserve Bank of India Act 1934 was to be excluded from total income under the normal computation provisions - MAT applicability - capital profit/loss on account of sale of investments, transfer of business and sale of assets to be considered in computing the book profit under section 115JB - sum as transferred to special reserve out of statutory compulsion in accordance with section 45-IC of the Reserve Bank of India Act, 1934 was required to be excluded in computing the book profit under section 115JB - HELD THAT:- We are of the view that interest of justice would be subserved if the matter is remanded back to the tribunal to reconsider the above issues afresh upon hearing the parties and by passing a reasoned order within six months of communication of this order. Only that part of the order of the tribunal dated 27th February 2019 dealing with the above questions is set aside.
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