https://www.taxtmi.com/caselaws?id=254631 The Tribunal quashed the re-opening of assessment for the year 2006-07 but upheld it for 2007-08. Deduction under Section 80IB on subsidies was allowed following the J&K High Court's judgment. The allocation of interest on inter-unit investments was upheld. Disallowance under Section 14A was confirmed. The addition on advances to a sister concern was deleted. The revised claim under Section 80IB was allowed. The Tribunal partly allowed appeals for 2007-08, 2008-09, 2009-10, and 2010-11, and dismissed revenue appeals. en-us Thu, 20 Nov 2014 00:00:00 +0530 Sat, 27 Dec 2014 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254631 The Tribunal quashed the re-opening of assessment for the year 2006-07 but upheld it for 2007-08. Deduction under Section 80IB on subsidies was allowed following the J&K High Court's judgment. The allocation of interest on inter-unit investments was upheld. Disallowance under Section 14A was confirmed. The addition on advances to a sister concern was deleted. The revised claim under Section 80IB was allowed. The Tribunal partly allowed appeals for 2007-08, 2008-09, 2009-10, and 2010-11, and dismissed revenue appeals. Case-Laws Income Tax Thu, 20 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254631