https://www.taxtmi.com/caselaws?id=267621 The Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 10AA and confirmed the exclusion of profits from the SEZ unit while computing book profits under Section 115JB. The issue of depreciation disallowance was remanded for further adjudication. The Tribunal also upheld the set-off of brought forward business loss and treated the expenditure for increasing authorized share capital as revenue expenditure. The classification of interest income on call money was left unresolved, with the Tribunal upholding the CIT(A)'s decision without further adjudication. en-us Fri, 30 Oct 2015 00:00:00 +0530 Mon, 09 Nov 2015 21:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267621 The Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 10AA and confirmed the exclusion of profits from the SEZ unit while computing book profits under Section 115JB. The issue of depreciation disallowance was remanded for further adjudication. The Tribunal also upheld the set-off of brought forward business loss and treated the expenditure for increasing authorized share capital as revenue expenditure. The classification of interest income on call money was left unresolved, with the Tribunal upholding the CIT(A)'s decision without further adjudication. Case-Laws Income Tax Fri, 30 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267621