https://www.taxtmi.com/caselaws?id=241808 The appeal was partly allowed, with several issues remanded for reconsideration by the Assessing Officer. The Tribunal allowed the balance 50% additional depreciation under Section 32(1)(iia) in the subsequent year. It remanded the matter of share issue expenditure and fees paid to the Registrar of Companies for verification. The write-off of investment in shares was allowed as a business loss. However, the loss on the loan advanced to the subsidiary was considered a capital loss. The disallowance of depreciation on a let-out portion of the corporate office building was upheld. The Tribunal directed reconsideration of using LIBOR for benchmarking international transactions and remanded the issue of deduction for gas turbine power generation units. The matter of additional deduction for in-house research and development was also remanded for reconsideration. en-us Fri, 20 Dec 2013 00:00:00 +0530 Mon, 03 Aug 2026 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241808 The appeal was partly allowed, with several issues remanded for reconsideration by the Assessing Officer. The Tribunal allowed the balance 50% additional depreciation under Section 32(1)(iia) in the subsequent year. It remanded the matter of share issue expenditure and fees paid to the Registrar of Companies for verification. The write-off of investment in shares was allowed as a business loss. However, the loss on the loan advanced to the subsidiary was considered a capital loss. The disallowance of depreciation on a let-out portion of the corporate office building was upheld. The Tribunal directed reconsideration of using LIBOR for benchmarking international transactions and remanded the issue of deduction for gas turbine power generation units. The matter of additional deduction for in-house research and development was also remanded for reconsideration. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241808