https://www.taxtmi.com/caselaws?id=215156 The Tribunal directed the Assessing Officer to allow the interest claimed by the assessee under Sec. 36(1)(iii) of the Income Tax Act, citing the availability of interest-free funds. However, the Tribunal upheld the disallowance of deduction claimed under Sec. 10B, stating the ten-year period starts from the year of manufacturing commencement. The Tribunal allowed the deduction disallowed under Sec. 40(a)(ia) in the year of TDS payment, remitted the issue of set-off of carried forward depreciation for verification, and remitted the claim for alternate deduction under Sec. 80IA back to the AO for fresh adjudication. en-us Wed, 30 May 2012 00:00:00 +0530 Thu, 26 Jul 2012 08:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215156 The Tribunal directed the Assessing Officer to allow the interest claimed by the assessee under Sec. 36(1)(iii) of the Income Tax Act, citing the availability of interest-free funds. However, the Tribunal upheld the disallowance of deduction claimed under Sec. 10B, stating the ten-year period starts from the year of manufacturing commencement. The Tribunal allowed the deduction disallowed under Sec. 40(a)(ia) in the year of TDS payment, remitted the issue of set-off of carried forward depreciation for verification, and remitted the claim for alternate deduction under Sec. 80IA back to the AO for fresh adjudication. Case-Laws Income Tax Wed, 30 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215156