https://www.taxtmi.com/caselaws?id=326709 The Tribunal partly allowed the appeals filed by the assessee while dismissing the appeals of the Assessing Officers. The Tribunal upheld the restriction of depreciation claimed by the assessee, the adhoc disallowance under section 14A for computing book profits, and the disallowance of managerial/administrative expenses and interest expenditure under section 14A. However, the Tribunal ruled in favor of the assessee on additional grounds raised regarding the non-applicability of section 14A to dividend income and the addition under section 41(1) concerning the difference between sales tax liability and net value paid under a government scheme. en-us Wed, 13 Apr 2016 00:00:00 +0530 Wed, 20 Apr 2016 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326709 The Tribunal partly allowed the appeals filed by the assessee while dismissing the appeals of the Assessing Officers. The Tribunal upheld the restriction of depreciation claimed by the assessee, the adhoc disallowance under section 14A for computing book profits, and the disallowance of managerial/administrative expenses and interest expenditure under section 14A. However, the Tribunal ruled in favor of the assessee on additional grounds raised regarding the non-applicability of section 14A to dividend income and the addition under section 41(1) concerning the difference between sales tax liability and net value paid under a government scheme. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326709