https://www.taxtmi.com/caselaws?id=263114 The tribunal confirmed the disallowance of expenses claimed under "mining, production, and processing" due to lack of substantiation. However, the tribunal deleted the addition of proportionate interest expenditure, disallowance under section 40(a)(ia) for investments made from own funds, and disallowed depreciation. Additionally, the tribunal allowed the assessee's claim regarding book profit computation under section 115JB and granted the benefit of exemption under section 10B. The tribunal also upheld the deletion of addition for non-deduction of tax on commission paid to foreign agents, resulting in the partial allowance of the assessee's appeal and dismissal of the Revenue's appeal. en-us Thu, 06 Aug 2015 00:00:00 +0530 Thu, 27 Aug 2015 08:29:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263114 The tribunal confirmed the disallowance of expenses claimed under "mining, production, and processing" due to lack of substantiation. However, the tribunal deleted the addition of proportionate interest expenditure, disallowance under section 40(a)(ia) for investments made from own funds, and disallowed depreciation. Additionally, the tribunal allowed the assessee's claim regarding book profit computation under section 115JB and granted the benefit of exemption under section 10B. The tribunal also upheld the deletion of addition for non-deduction of tax on commission paid to foreign agents, resulting in the partial allowance of the assessee's appeal and dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 06 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263114