https://www.taxtmi.com/caselaws?id=237002 The Tribunal allowed the assessee's claim for deduction under sections 80-I & 80-IA, reimbursement of interest on housing loans, interest on borrowings for a project, subsidy for gas connections to employees, and expenditure on festivals. However, the disallowance of diminution in share value was upheld. The issue of bad debts was remanded for further examination. Depreciation on leased assets was allowed, along with meter reading difference payment. The provision for rent payable was partly allowed. Penalty proceedings were canceled due to lack of willful negligence. The appeal in quantum proceedings was partly allowed, while the appeal in penalty proceedings was dismissed. en-us Fri, 21 Jun 2013 00:00:00 +0530 Mon, 16 Sep 2013 08:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237002 The Tribunal allowed the assessee's claim for deduction under sections 80-I & 80-IA, reimbursement of interest on housing loans, interest on borrowings for a project, subsidy for gas connections to employees, and expenditure on festivals. However, the disallowance of diminution in share value was upheld. The issue of bad debts was remanded for further examination. Depreciation on leased assets was allowed, along with meter reading difference payment. The provision for rent payable was partly allowed. Penalty proceedings were canceled due to lack of willful negligence. The appeal in quantum proceedings was partly allowed, while the appeal in penalty proceedings was dismissed. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237002