https://www.taxtmi.com/caselaws?id=219559 The Tribunal ruled in favor of the assessee by deleting the disallowance of amortization of premium paid for land taken on lease. Ad hoc disallowances of miscellaneous and welfare expenses were upheld. Regarding deductions claimed under sections 80-IB and 80HHC, some claims were rejected based on previous tribunal orders while others were allowed or remanded for fresh consideration. The disallowance of royalty payment under section 40A(2b) was upheld due to insufficient details. The non-filing of mandatory Form 10CCB for claiming deduction under section 80-IB led to disallowance. The addition under section 14A for expenditure attributable to exempt income was deleted. Both revenue and assessee appeals were partly allowed, with issues being upheld or remanded based on established precedents and case facts. en-us Fri, 30 Nov 2012 00:00:00 +0530 Tue, 18 Dec 2012 12:18:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219559 The Tribunal ruled in favor of the assessee by deleting the disallowance of amortization of premium paid for land taken on lease. Ad hoc disallowances of miscellaneous and welfare expenses were upheld. Regarding deductions claimed under sections 80-IB and 80HHC, some claims were rejected based on previous tribunal orders while others were allowed or remanded for fresh consideration. The disallowance of royalty payment under section 40A(2b) was upheld due to insufficient details. The non-filing of mandatory Form 10CCB for claiming deduction under section 80-IB led to disallowance. The addition under section 14A for expenditure attributable to exempt income was deleted. Both revenue and assessee appeals were partly allowed, with issues being upheld or remanded based on established precedents and case facts. Case-Laws Income Tax Fri, 30 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219559