https://www.taxtmi.com/caselaws?id=237201 The Tribunal allowed several grounds in favor of the assessee, including the disallowance of interest on borrowed funds, depreciation on plant and machinery and helicopters, and treatment of interest received under section 244A. The Tribunal directed the AO to recompute deductions under section 80HHC and address other computational issues in accordance with the law. The revenue's appeals on community welfare expenses, payments to Tata Employees Consumers Co-op Soc. Ltd., and other disallowances were dismissed. The levy of interest under sections 234B and 234D was also addressed favorably for the assessee. en-us Fri, 08 Jun 2012 00:00:00 +0530 Sat, 21 Sep 2013 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237201 The Tribunal allowed several grounds in favor of the assessee, including the disallowance of interest on borrowed funds, depreciation on plant and machinery and helicopters, and treatment of interest received under section 244A. The Tribunal directed the AO to recompute deductions under section 80HHC and address other computational issues in accordance with the law. The revenue's appeals on community welfare expenses, payments to Tata Employees Consumers Co-op Soc. Ltd., and other disallowances were dismissed. The levy of interest under sections 234B and 234D was also addressed favorably for the assessee. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237201