https://www.taxtmi.com/caselaws?id=326458 The Tribunal dismissed the issue of reopening of assessment for certain years as not pressed. It allowed the deduction of interest paid to SIDBI and NABARD in the year of actual payment. The matter of lease equalization charges was remitted back for verification. The disallowance of deposit mobilization expenses was deleted. The provision for leave encashment was disallowed. The disallowance under Section 14A was upheld. The disallowance of various expenses and deductions was decided based on case law and precedents, with some grounds dismissed and others allowed or remitted for further consideration. en-us Fri, 29 Jan 2016 00:00:00 +0530 Thu, 14 Apr 2016 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326458 The Tribunal dismissed the issue of reopening of assessment for certain years as not pressed. It allowed the deduction of interest paid to SIDBI and NABARD in the year of actual payment. The matter of lease equalization charges was remitted back for verification. The disallowance of deposit mobilization expenses was deleted. The provision for leave encashment was disallowed. The disallowance under Section 14A was upheld. The disallowance of various expenses and deductions was decided based on case law and precedents, with some grounds dismissed and others allowed or remitted for further consideration. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326458