Section 14A doesn’t apply while computing income as per section 44: ITAT Delhi

ACIT Vs Oriental Insurance Co. Ltd. (ITAT Delhi)

ITAT Delhi held that while computing total income as per Rule 5 r.w. section 44, provisions of section 14A are not applicable. Further, disallowance method of computation of prescribed under Rule 8D is not applicable while “Book Profit” u/s 115JB.

Facts- The present appeal is preferred by the revenue against deletion of disallowance of Rs.21,36,52,058/- on account of u/s 14A of the Act (normal provision and provisions u/s 115JB of the Act).

The assessee submitted that income is to be compute

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