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1 - 5 of 5 (0.23 seconds)Section 115JB in The Income Tax Act, 1961 [Entire Act]
Punjab Tractors Ltd vs Commr. Of Income Tax Patiala & Anr on 3 February, 2017
A similar view was taken by this Tribunal in the case
of Royala Corporation Pvt. Ltd. (supra). Therefore, this Tribunal do
not find any reason to interfere with the order of the lower authority
and accordingly the same is confirmed.
Remington Rand Of India Ltd., Meerut vs Vth Addl. District And Sessions Judge ... on 21 July, 1998
Even
though computing disallowance under Rule 8D(2) is mandatory,
however, in view of the judgment of Madras High Court in
Redington (India) Ltd. (supra), this Tribunal is of the considered
opinion that in the absence of any income, there cannot be any
disallowance. Consequently, the Assessing Officer has to restrict
the disallowance only to the extent of exempted income earned by
the assessee.
M/S Southern Rocks & Minerals Private ... vs The Acit,, Guntur on 11 October, 2017
7. We heard Shri AR.V. Sreenivasan, the Ld. Departmental
Representative and Shri V. Ravichandran, the Ld. representative for
the assessee. The CIT(Appeals) by placing reliance on the order of
this Tribunal in Beach Minerals Company Pvt. Ltd. v. ACIT (64
taxmann.com 218) found that disallowance made under Section
14A of the Act cannot be disallowed while computing book profit
under Section 115JB of the Act. The CIT(Appeals) has rightly
placed his reliance on the order of this Tribunal, therefore, this
Tribunal do not find any reason to interfere with the order of the
lower authority and accordingly the same is confirmed.
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