https://www.taxtmi.com/caselaws?id=246227 The Tribunal dismissed the Revenue's grounds on deductions under section 80IA for captive power generating DG sets and rail systems, treating sales tax exemption benefits as capital receipts, and disallowance of software purchase expenses. It restored the issue of Employee Stock Option expenses to the AO for reconsideration and allowed the treatment of CERs sale proceeds as capital receipts. The Tribunal denied admitting the deduction claim under section 80IA(2) for jetty/port operations. The case was partially allowed for statistical purposes, with specific issues remanded to the AO for further verification. en-us Fri, 28 Feb 2014 00:00:00 +0530 Tue, 31 Oct 2023 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246227 The Tribunal dismissed the Revenue's grounds on deductions under section 80IA for captive power generating DG sets and rail systems, treating sales tax exemption benefits as capital receipts, and disallowance of software purchase expenses. It restored the issue of Employee Stock Option expenses to the AO for reconsideration and allowed the treatment of CERs sale proceeds as capital receipts. The Tribunal denied admitting the deduction claim under section 80IA(2) for jetty/port operations. The case was partially allowed for statistical purposes, with specific issues remanded to the AO for further verification. Case-Laws Income Tax Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246227