https://www.taxtmi.com/caselaws?id=268313 The Tribunal allowed the appeal partly, remanding various issues back to the AO for re-examination and fresh adjudication. The Tribunal directed the AO to allow depreciation on electric installations as plant and machinery, reevaluate the interest disallowance related to land purchase, recalculate the disallowance under Section 40A(2)(b) at 6%, reconsider the disallowance of expenditure for raising FCCB under Section 35D, and permit depreciation on leased assets. Additionally, the Tribunal remanded an additional ground for alternate relief under Section 37(1) for fair adjudication, emphasizing adherence to principles of natural justice. en-us Fri, 16 Oct 2015 00:00:00 +0530 Tue, 24 Nov 2015 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268313 The Tribunal allowed the appeal partly, remanding various issues back to the AO for re-examination and fresh adjudication. The Tribunal directed the AO to allow depreciation on electric installations as plant and machinery, reevaluate the interest disallowance related to land purchase, recalculate the disallowance under Section 40A(2)(b) at 6%, reconsider the disallowance of expenditure for raising FCCB under Section 35D, and permit depreciation on leased assets. Additionally, the Tribunal remanded an additional ground for alternate relief under Section 37(1) for fair adjudication, emphasizing adherence to principles of natural justice. Case-Laws Income Tax Fri, 16 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268313