https://www.taxtmi.com/caselaws?id=214694 The ITAT dismissed various grounds including the taxability of advance license benefit receivable, deduction of premium on leasehold land, and depreciation on plant and machinery items costing less than Rs. 5,000 based on previous decisions against the assessee. However, it allowed deductions for miscellaneous expenses related to leasehold land and directed the AO to grant interest under section 244A until the issuance of the refund order. The ITAT also directed a fresh consideration for deductions under sections 80I and 80IA and computation of deduction under section 80HHC, partially allowing the appeal. en-us Wed, 30 May 2012 00:00:00 +0530 Tue, 03 Jul 2012 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214694 The ITAT dismissed various grounds including the taxability of advance license benefit receivable, deduction of premium on leasehold land, and depreciation on plant and machinery items costing less than Rs. 5,000 based on previous decisions against the assessee. However, it allowed deductions for miscellaneous expenses related to leasehold land and directed the AO to grant interest under section 244A until the issuance of the refund order. The ITAT also directed a fresh consideration for deductions under sections 80I and 80IA and computation of deduction under section 80HHC, partially allowing the appeal. Case-Laws Income Tax Wed, 30 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214694