https://www.taxtmi.com/caselaws?id=236967 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision allowing the deduction under section 80IB for the assessee, based on its location in an industrially backward State. The disallowance under section 14A was also upheld as it was self-computed by the assessee. The challenge against the levy of interest under sections 234B and 234C was not elaborated upon, with the focus primarily on the deduction and disallowance issues. The Tribunal dismissed both the Revenue's appeal and the assessee's cross objections, affirming the CIT(A)'s decisions on the deduction and disallowance. en-us Tue, 29 Jan 2013 00:00:00 +0530 Sat, 14 Sep 2013 08:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236967 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision allowing the deduction under section 80IB for the assessee, based on its location in an industrially backward State. The disallowance under section 14A was also upheld as it was self-computed by the assessee. The challenge against the levy of interest under sections 234B and 234C was not elaborated upon, with the focus primarily on the deduction and disallowance issues. The Tribunal dismissed both the Revenue's appeal and the assessee's cross objections, affirming the CIT(A)'s decisions on the deduction and disallowance. Case-Laws Income Tax Tue, 29 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236967