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:

Please become a Premium member. If you are already a Premium member, login here to access the full content.