https://www.taxtmi.com/caselaws?id=248533 The Tribunal upheld the addition for the provision for Income Tax recoverable from parties, considering it as part of tariff charges and constituting income. Disallowance under section 14A read with rule 8D was found not applicable for the assessment year 2007-08, with the matter remitted for determining a reasonable basis for the disallowance of administrative expenses. Interest income on margin deposits and ICDs was treated as business income. The deletion of an addition for income tax recoverable from power purchasers was set aside for further consideration. Cross-appeals were partly allowed for statistical purposes, with specific directions provided for certain issues. en-us Fri, 30 May 2014 00:00:00 +0530 Sun, 15 Jun 2014 11:11:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248533 The Tribunal upheld the addition for the provision for Income Tax recoverable from parties, considering it as part of tariff charges and constituting income. Disallowance under section 14A read with rule 8D was found not applicable for the assessment year 2007-08, with the matter remitted for determining a reasonable basis for the disallowance of administrative expenses. Interest income on margin deposits and ICDs was treated as business income. The deletion of an addition for income tax recoverable from power purchasers was set aside for further consideration. Cross-appeals were partly allowed for statistical purposes, with specific directions provided for certain issues. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248533