https://www.taxtmi.com/caselaws?id=259808 ITAT Kolkata-AT upheld the assessee's claim for deduction under section 80-IA for traffic signals and foot overbridges, holding that satisfaction of conditions in the initial assessment year, already affirmed by jurisdictional HC, could not be reopened. It confirmed treatment of LED video display boards as temporary structures, allowing revenue deduction, and upheld depreciation on acquired commercial rights as intangible assets. Deletions of disallowances on prior period expenses, delayed employees' PF contribution, alleged bogus purchases, and short deduction of TDS under section 40(a)(ia) were sustained, all against the Revenue. The Tribunal upheld addition of provision for diminution in value of investments in computing book profit under section 115JB against the assessee and directed restricted disallowance under section 14A, partly allowing relief. en-us Thu, 01 Jan 2015 00:00:00 +0530 Thu, 27 Nov 2025 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259808 ITAT Kolkata-AT upheld the assessee's claim for deduction under section 80-IA for traffic signals and foot overbridges, holding that satisfaction of conditions in the initial assessment year, already affirmed by jurisdictional HC, could not be reopened. It confirmed treatment of LED video display boards as temporary structures, allowing revenue deduction, and upheld depreciation on acquired commercial rights as intangible assets. Deletions of disallowances on prior period expenses, delayed employees' PF contribution, alleged bogus purchases, and short deduction of TDS under section 40(a)(ia) were sustained, all against the Revenue. The Tribunal upheld addition of provision for diminution in value of investments in computing book profit under section 115JB against the assessee and directed restricted disallowance under section 14A, partly allowing relief. Case-Laws Income Tax Thu, 01 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259808