https://www.taxtmi.com/caselaws?id=255952 The Assessee's appeals were partly allowed, with the disallowance of electric power charges as capital expenditure upheld, garden expenses allowed, Section 14A disallowance confirmed for one year and deleted for others, SEZ unit claim referred back for verification, professional charges disallowance reversed, MAT liability recalculated, Section 40a(ia) disallowance treatment clarified, profit estimation deletion upheld, Section 145A addition deletion affirmed, and penalty under Section 271(1)(c) deleted based on lack of positive material. The judgments were guided by prior ITAT decisions and statutory provisions. en-us Fri, 30 Jan 2015 00:00:00 +0530 Sat, 31 Jan 2015 13:02:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255952 The Assessee's appeals were partly allowed, with the disallowance of electric power charges as capital expenditure upheld, garden expenses allowed, Section 14A disallowance confirmed for one year and deleted for others, SEZ unit claim referred back for verification, professional charges disallowance reversed, MAT liability recalculated, Section 40a(ia) disallowance treatment clarified, profit estimation deletion upheld, Section 145A addition deletion affirmed, and penalty under Section 271(1)(c) deleted based on lack of positive material. The judgments were guided by prior ITAT decisions and statutory provisions. Case-Laws Income Tax Fri, 30 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255952