https://www.taxtmi.com/caselaws?id=180669 The Tribunal upheld the assessee's entitlement to deductions under Section 80IA(4) despite being a contractor, deleted additions under Section 69B for property valuation differences lacking evidence, allowed adjustments for undervaluation of Work-in-Progress for pending assessments only, overturned additions under Section 41(1) for ceased liabilities, upheld additions based on seized documents indicating unaccounted expenses, partially allowed higher depreciation rates on windmill components, ruled interest under Section 234A unjustified, and directed seized cash to be credited towards advance tax from the date of the assessee's request under Section 132B. en-us Wed, 09 Dec 2015 00:00:00 +0530 Thu, 31 Mar 2016 10:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180669 The Tribunal upheld the assessee's entitlement to deductions under Section 80IA(4) despite being a contractor, deleted additions under Section 69B for property valuation differences lacking evidence, allowed adjustments for undervaluation of Work-in-Progress for pending assessments only, overturned additions under Section 41(1) for ceased liabilities, upheld additions based on seized documents indicating unaccounted expenses, partially allowed higher depreciation rates on windmill components, ruled interest under Section 234A unjustified, and directed seized cash to be credited towards advance tax from the date of the assessee's request under Section 132B. Case-Laws Income Tax Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180669