https://www.taxtmi.com/caselaws?id=243865 Higher depreciation was not allowable on boilers and trucks because the applicable depreciation schedule prescribed 80% for specialised boilers and energy-saving devices, and the truck claim exceeded the relevant entry; the claim was rejected. Deduction under section 80IB could not be extended to duty drawback because it was treated as an incentive not derived from the eligible industrial undertaking; the disallowance was upheld. Section 14A disallowance was not justified because the assessee had sufficient own funds for the investments and no demonstrable nexus between expenditure and exempt income was shown; the deletion of the addition was sustained. en-us Thu, 08 Aug 2013 00:00:00 +0530 Wed, 12 Feb 2014 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243865 Higher depreciation was not allowable on boilers and trucks because the applicable depreciation schedule prescribed 80% for specialised boilers and energy-saving devices, and the truck claim exceeded the relevant entry; the claim was rejected. Deduction under section 80IB could not be extended to duty drawback because it was treated as an incentive not derived from the eligible industrial undertaking; the disallowance was upheld. Section 14A disallowance was not justified because the assessee had sufficient own funds for the investments and no demonstrable nexus between expenditure and exempt income was shown; the deletion of the addition was sustained. Case-Laws Income Tax Thu, 08 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243865