Bennett Coleman & Co. Ltd. Vs DCIT (ITAT Mumbai)Indexation Allowed in MAT Book Profits -No Extra 14A Disallowance When Suo-Moto Exceeds Exempt Income – Mumbai ITATThe appeal was filed by Bennett Coleman & Co. Ltd. against the order of CIT(A), NFAC, Delhi dated 27.03.2024. Tribunal observed that since suo-moto disallowance exceeded exempt income & AO had not demonstrated any error, there was no justification for enhancement. Where Assessee’s suo-moto disallowance u/s 14A already exceeds exempt income & AO fails to point out errors, no further disallowance is warranted. For MAT u/s 115JB, disallowance u/s 14A cannot be applied. The undisputed facts are that the exempt dividend is only Rs.2.16 Crores whereas the suo-moto disallowance is Rs.