https://www.taxtmi.com/caselaws?id=264496 The appeal of the Revenue in ITA No. 799/Mds/2014 was partly allowed. The Tribunal upheld the disallowance of share issue expenses under Section 35D and the recalculation of depreciation based on final opening WDV. However, the deduction under Section 80HHC and adjustment of negative profit was allowed, following precedents. The inclusion of certain receipts for book profit computation was dismissed as not pressed, and the denial of the deduction under Section 35(2AB) for scientific research expenses was upheld partially. The order was pronounced on 19.6.2015. en-us Fri, 19 Jun 2015 00:00:00 +0530 Sat, 26 Sep 2015 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264496 The appeal of the Revenue in ITA No. 799/Mds/2014 was partly allowed. The Tribunal upheld the disallowance of share issue expenses under Section 35D and the recalculation of depreciation based on final opening WDV. However, the deduction under Section 80HHC and adjustment of negative profit was allowed, following precedents. The inclusion of certain receipts for book profit computation was dismissed as not pressed, and the denial of the deduction under Section 35(2AB) for scientific research expenses was upheld partially. The order was pronounced on 19.6.2015. Case-Laws Income Tax Fri, 19 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264496