Disallowance U/s 14A while computing book profit U/s 115JB deserved to be deleted

Table of Contents▸ DCIT Vs JSW Energy Limited (ITAT Mumbai) Advertisement DCIT Vs JSW Energy Limited (ITAT Mumbai) ITAT Mumbai held that disallowance made under section 14A of the Income Tax Act added to Book Profits for computing taxes under section 115JB Income Tax Act deserved to be deleted. Facts- Assessee is a public company engaged in the business of generation of power and operation and maintenance of power plants. Assessee works on Power solutions in the states of Karnataka, Maharashtra, Rajasthan and Himachal Pradesh. Since, the assessee entered into international transact...