https://www.taxtmi.com/caselaws?id=182464 The ITAT upheld the reduction of depreciation claim, disallowance of deduction under section 80IA, denial of deduction under section 80IB on DEPB Credit, reduction of profits on account of sale proceeds of DEPB license, adjustment to the Arm's length price, and initiation of penalty under section 271(1)(c). The tribunal remanded issues regarding invocation of Chapter X provisions, reference to Transfer Pricing Officer, and validity of approval granted by CIT under section 92CA(1) for fresh consideration. The levy of interest under sections 234B and 234C was upheld. en-us Fri, 24 Sep 2010 00:00:00 +0530 Wed, 11 May 2016 14:49:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182464 The ITAT upheld the reduction of depreciation claim, disallowance of deduction under section 80IA, denial of deduction under section 80IB on DEPB Credit, reduction of profits on account of sale proceeds of DEPB license, adjustment to the Arm's length price, and initiation of penalty under section 271(1)(c). The tribunal remanded issues regarding invocation of Chapter X provisions, reference to Transfer Pricing Officer, and validity of approval granted by CIT under section 92CA(1) for fresh consideration. The levy of interest under sections 234B and 234C was upheld. Case-Laws Income Tax Fri, 24 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182464