https://www.taxtmi.com/caselaws?id=213741 The Tribunal allowed the appeals partly, directing the Assessing Officer to recompute deductions based on the Tribunal's findings. The Tribunal held that disallowances under Sections 43B and 40(a)(ia) should impact the exemption under Section 10B, following the ITAT Hyderabad decision. Disallowances of statutory liabilities under Section 43B were dismissed as the assessee did not press the ground. Disallowances under Section 40(a)(ia) were deleted as they were already paid during the year. The Tribunal also rejected the disallowance of various expenses not pressed by the assessee and upheld the disallowance of expenses related to the increase in authorized share capital. en-us Thu, 31 May 2012 00:00:00 +0530 Mon, 18 Apr 2016 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213741 The Tribunal allowed the appeals partly, directing the Assessing Officer to recompute deductions based on the Tribunal's findings. The Tribunal held that disallowances under Sections 43B and 40(a)(ia) should impact the exemption under Section 10B, following the ITAT Hyderabad decision. Disallowances of statutory liabilities under Section 43B were dismissed as the assessee did not press the ground. Disallowances under Section 40(a)(ia) were deleted as they were already paid during the year. The Tribunal also rejected the disallowance of various expenses not pressed by the assessee and upheld the disallowance of expenses related to the increase in authorized share capital. Case-Laws Income Tax Thu, 31 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213741