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Acit Corporate Circle 6 (1), Chennai vs M/S Samalpatti Power Company Pvt Ltd, ... on 26 June, 2019 cites

M/S. Vireet Investment Pvt. Ltd., New ... vs Acit, New Delhi on 16 June, 2017

(f) of Explanation 1 to section 115JB(2) of the Act is to be made without resorting to computation as contemplated under section 14A read with rule 8D. By following the above decisions, the ld. CIT(A) directed the Assessing Officer to exclude the disallowance under section 14A r.w. rule 8D while computing MAT under section 115JB of the Act. The ld. DR could not 8 I.T.A. Nos.1592 & 1593/M/18 controvert the above decisions of the Tribunal. Since the issue raised in the appeal is squarely covered by the decision of the Delhi Special Bench, as referred above, we find no infirmity in the order passed by the ld. CIT(A) on this issue. Accordingly, the ground raised by the Revenue stands dismissed for both the assessment years.
Income Tax Appellate Tribunal - Delhi Cites 104 - Cited by 797 - Full Document

Apollo Tyres Ltd. vs Commissioner Of Income Tax, Kochi on 2 May, 2002

From the above decision it is clear that while computing the "Book Profit" of the company under the provisions of section 115JB of the Act; any disallowance made under the normal provisions of the Act also cannot be given effect to for arriving at the "Book Profit" for the purpose of Section 115JB of the Act. Accordingly, this ground raised by the assessee is allowed in its favour.
Supreme Court of India Cites 15 - Cited by 649 - Full Document
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