Sec. 14A & 115JB of Income Tax Act, 1961— MAT- Disallowance u/s 14A cannot be added back to the book profit u/s. 115JB.

Facts: Whether disallowance u/s 14A can be added back to the book profit u/s. 115JB

Held, that amount to be added while computing book profits u/s. 115JB , the AO cannot in terms of Explanation 1(f) to Sec.115JB(2), add the sum determined as disallowance u/s. 14A while computing total income under the normal provisions of the Act and he has to adopt a basis as laid down by the Special Bench viz., direct expenditure associated with earning of income. - ASSTT. CIT V/s M.N. DASTUR COMPANY PVT. LTD. - [2020] 26 ITCD Online 101 (ITAT-BANGALORE)