Alternate statutory remedy governs GST assessment challenge, with statutory appeal preserved and limitation objection barred for the permitted filing ...
ITAT allowed the appeal in part and directed the AO to delete the disallowance under s.36(1)(va) where one-day delay in PF deposit was caused by bank website failure, holding the delay not attributable to the assessee-appellant. The Tribunal deleted the addition of Health and Education Cess in computing book profit under s.115JB, finding no legislative mandate equating that cess with income-tax for s.115JB purposes. ITAT directed inclusion of the Rs.1.50/unit reliability charge in transfer price for s.80IA, held the appellant's solid waste management system eligible for s.80IA deduction (applying PSM and FAR 79.73%), granted depreciation on leasehold rights under s.32(1)(ii) including opening WDV, and directed allowance of s.80IA/80IC deductions and indexed cost benefit in book-profit computation.
ITAT allowed the appeal in part and directed the AO to delete the disallowance under s.36(1)(va) where one-day delay in PF deposit was caused by bank website failure, holding the delay not attributable to the assessee-appellant. The Tribunal deleted the addition of Health and Education Cess in computing book profit under s.115JB, finding no legislative mandate equating that cess with income-tax for s.115JB purposes. ITAT directed inclusion of the Rs.1.50/unit reliability charge in transfer price for s.80IA, held the appellant's solid waste management system eligible for s.80IA deduction (applying PSM and FAR 79.73%), granted depreciation on leasehold rights under s.32(1)(ii) including opening WDV, and directed allowance of s.80IA/80IC deductions and indexed cost benefit in book-profit computation.
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