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2021 (10) TMI 556 - AT - Income TaxComputation of book profit u/s 115JB for Disallowance u/s 14A r.w.r. 8D - HELD THAT:- We agree with the contention of the Ld. AR that the case of the Revenue is not tenable for the reason that ITAT Delhi Special Bench in the case of ACIT vs. Vireet Investments [2017 (6) TMI 1124 - ITAT DELHI] has categorically held that computation under clause (f) of Explanation-1 to Section 115JB (2) of the Act is to be made without resorting to the computation as contemplated u/s. 14A read with Rule 8D of the Income Tax Rules, 1962. Also decided in favour of own case in IFCI LIMITED AND VICE-VERSA [2020 (10) TMI 528 - ITAT DELHI]. Also in BHUSHAN STEEL LTD. [2015 (9) TMI 1424 - DELHI HIGH COURT] held that addition cannot be made u/s. 14A to the book-profits in absence of any specific reference in section 115JB - Decided in favour of assessee.
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