https://www.taxtmi.com/caselaws?id=259515 The Tribunal upheld the CIT(A)'s decisions on all issues, including the reduction in the claim of the assessee under section 80IB for the Jorhat Unit, disallowance of foreign travel expenses, enhancement of book profit under section 115JB, and disallowance under section 14A read with Rule 8D for the assessment year 2008-09. The Tribunal emphasized the importance of consistency in allocation methods and the need to establish business expediency for expense claims. Additionally, the application of Rule 8D for disallowance under section 14A was affirmed for the relevant assessment year. en-us Fri, 24 Apr 2015 00:00:00 +0530 Wed, 13 May 2015 07:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259515 The Tribunal upheld the CIT(A)'s decisions on all issues, including the reduction in the claim of the assessee under section 80IB for the Jorhat Unit, disallowance of foreign travel expenses, enhancement of book profit under section 115JB, and disallowance under section 14A read with Rule 8D for the assessment year 2008-09. The Tribunal emphasized the importance of consistency in allocation methods and the need to establish business expediency for expense claims. Additionally, the application of Rule 8D for disallowance under section 14A was affirmed for the relevant assessment year. Case-Laws Income Tax Fri, 24 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259515