Amount disallowed u/s 14A cannot be added to arrive at book profit for MAT Calculation

CIT Vs. Bengal Finance & Investments Pvt. Ltd (Bombay High Court)  This Appeal under Section 260­A of the Income Tax Act, 1961 (the Act), challenges the order dated 3rd July, 2012 passed by the Income Tax Appellate Tribunal (the Tribunal) for the Assessment Year 2007­- 08. 2. The Revenue press the following questions of law for our consideration: “(a) Whether on the facts and in the circumstances of the case and in law, the Tribunal is justified in restoring the issue of dis allowance u/s. 14A to the file of the Assessing to decide afresh in view of the decision of the Honorable Bomba...