https://www.taxtmi.com/caselaws?id=182320 The Tribunal ruled in favor of the Revenue regarding synchronization charges under Section 80IA of the Income Tax Act. The Court upheld decisions by CIT (A) and ITAT that there was no evidence supporting a sum paid to Mr. R.N. Mahindru from undisclosed sources. Deletion of addition in book profits under Section 115JB for Fringe Benefit Tax was supported due to Circular No. 8 of 2005. The Court agreed with ITAT that deletion of addition for Minimum Alternate Tax under Section 115JB related to expenditure for earning exempt income under Section 14A was justified, referencing the Apollo Tyres Ltd. case. The appeal was admitted limited to specific questions involving sales tax exemption and depreciation disallowance. en-us Tue, 29 Sep 2015 00:00:00 +0530 Sat, 15 Dec 2018 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182320 The Tribunal ruled in favor of the Revenue regarding synchronization charges under Section 80IA of the Income Tax Act. The Court upheld decisions by CIT (A) and ITAT that there was no evidence supporting a sum paid to Mr. R.N. Mahindru from undisclosed sources. Deletion of addition in book profits under Section 115JB for Fringe Benefit Tax was supported due to Circular No. 8 of 2005. The Court agreed with ITAT that deletion of addition for Minimum Alternate Tax under Section 115JB related to expenditure for earning exempt income under Section 14A was justified, referencing the Apollo Tyres Ltd. case. The appeal was admitted limited to specific questions involving sales tax exemption and depreciation disallowance. Case-Laws Income Tax Tue, 29 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182320