https://www.taxtmi.com/caselaws?id=180773 The Tribunal ruled in favor of the assessee on various issues including disallowance of deduction under section 80M, interest claimed under section 36(1)(iii), depreciation and loss on Ispat Unit, and disallowance of certain expenses. The Tribunal allowed deductions for interest paid on borrowings, depreciation on specific assets, and certain business expenses while disallowing expenses like entertainment, remuneration to female employees, and contributions to local organizations. The Tribunal directed the Assessing Officer to reconsider certain disallowances and provided opportunities for the assessee to furnish necessary documentation. en-us Mon, 29 Jun 1998 00:00:00 +0530 Fri, 13 May 2016 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180773 The Tribunal ruled in favor of the assessee on various issues including disallowance of deduction under section 80M, interest claimed under section 36(1)(iii), depreciation and loss on Ispat Unit, and disallowance of certain expenses. The Tribunal allowed deductions for interest paid on borrowings, depreciation on specific assets, and certain business expenses while disallowing expenses like entertainment, remuneration to female employees, and contributions to local organizations. The Tribunal directed the Assessing Officer to reconsider certain disallowances and provided opportunities for the assessee to furnish necessary documentation. Case-Laws Income Tax Mon, 29 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180773