https://www.taxtmi.com/caselaws?id=65524 The Tribunal partly allowed the appeal, affirming the initiation of proceedings under section 147 and permitting depreciation on turbines as claimed. It rejected the AO's profit reduction under section 115JA and invalidated the CIT(A)'s directions under section 150. The Tribunal confirmed the applicability of interest under sections 234B and 234C, while allowing interest under section 234D only from 1st June 2003. en-us Fri, 31 Mar 2006 00:00:00 +0530 Fri, 22 Mar 2024 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65524 The Tribunal partly allowed the appeal, affirming the initiation of proceedings under section 147 and permitting depreciation on turbines as claimed. It rejected the AO's profit reduction under section 115JA and invalidated the CIT(A)'s directions under section 150. The Tribunal confirmed the applicability of interest under sections 234B and 234C, while allowing interest under section 234D only from 1st June 2003. Case-Laws Income Tax Fri, 31 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65524