https://www.taxtmi.com/caselaws?id=248468 The ITAT Mumbai considered cross-appeals regarding deduction u/s 80IA, disallowance u/s 14A, and repair expenses for the assessment year 2009-10. The ITAT upheld the assessee's claim for deduction u/s 80IA, citing limited scope of a Supreme Court decision and Tribunal's authority. Regarding disallowance u/s 14A, ITAT upheld CIT(A)'s decision based on sufficiency of interest-free funds for investments. The ITAT also supported CIT(A)'s treatment of repair expenses as current rather than capital, partially allowing the assessee's appeal and dismissing Revenue's appeal. en-us Wed, 28 May 2014 00:00:00 +0530 Fri, 13 Jun 2014 10:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248468 The ITAT Mumbai considered cross-appeals regarding deduction u/s 80IA, disallowance u/s 14A, and repair expenses for the assessment year 2009-10. The ITAT upheld the assessee's claim for deduction u/s 80IA, citing limited scope of a Supreme Court decision and Tribunal's authority. Regarding disallowance u/s 14A, ITAT upheld CIT(A)'s decision based on sufficiency of interest-free funds for investments. The ITAT also supported CIT(A)'s treatment of repair expenses as current rather than capital, partially allowing the assessee's appeal and dismissing Revenue's appeal. Case-Laws Income Tax Wed, 28 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248468