Case Law Analysis
|Income Tax Appellate Tribunal
Section 14A Disallowance Under Rule 8D Cannot Reduce MAT Book Profit | ITAT Delhi
ITAT Delhi rules that disallowance under Section 14A read with Rule 8D cannot be factored into book profit computation for MAT under Section 115JB. The ruling clarifies that such disallowances remain excluded from MAT calculations, impacting corporate tax assessments.