Associated Global Finance Ltd. vs. Assistant Commissioner of Income Tax
Case No: ITA No. 2139/Kol/2025
Court: INCOME TAX APPELLATE TRIBUNAL “A” BENCH, KOLKATA
Date: 11/27/2025
Parties Involved
appellantAssociated Global Finance Ltd.
respondentAssistant Commissioner of Income Tax, Central Circle 4(1), Kolkata
Facts Summary
This appeal arises from an order under section 250 of the Income Tax Act, 1961, dated 30.07.2025, passed by the Learned Commissioner of Income Tax (Appeals)-Kolkata. The Learned Assessing Officer (AO) noticed that certain additions to the income under section 14A of the Act were not factored into the computation of book profits under section 115JB of the Act. The AO proceeded to rectify the alleged error under section 154 of the Act and included the addition under section 14A in the computation …
Decision in favour of
Assessee
Legal Issues
- 1. Whether additions made under section 14A of the Act should be considered for computing book profit under section 115JB of the Act.
Precedents Relied Upon
9 precedents cited in this judgement.