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ITAT allowed partial relief to the Assessee, directing recalculation of tax liability. The tribunal rejected Revenue's contentions regarding Section 80IA deduction, affirming that deduction must be calculated from Gross Total Income. The ITAT mandated the Assessing Officer to verify and allow Section 80IA deduction, permit credit for Dividend Distribution Tax after challan verification, and recompute interest/demand accordingly. The tribunal also upheld previous judicial precedents regarding Section 14A amendments, rejecting Revenue's retrospective application argument. The order fundamentally upholds the Assessee's claims while providing procedural guidance for tax computation.