https://www.taxtmi.com/caselaws?id=182821 The Tribunal upheld the CIT(A)'s decisions on multiple issues, including thrusting depreciation not claimed by the assessee, disallowance of Section 80IA deductions for a power plant, and reducing deductions under Sections 80IA and 80IB when calculating Section 80HHC deductions. It ruled in favor of the assessee on excise duty exclusion from total turnover and allowed interest deductions. The Tribunal set aside issues related to Section 14A disallowance, DEPB license sale proceeds, and transfer pricing adjustments for reassessment by the AO. Penalties under Section 271(1)(c) were deleted due to bona fide legal belief and lack of concealment. en-us Fri, 24 Jul 2009 00:00:00 +0530 Mon, 04 Mar 2024 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182821 The Tribunal upheld the CIT(A)'s decisions on multiple issues, including thrusting depreciation not claimed by the assessee, disallowance of Section 80IA deductions for a power plant, and reducing deductions under Sections 80IA and 80IB when calculating Section 80HHC deductions. It ruled in favor of the assessee on excise duty exclusion from total turnover and allowed interest deductions. The Tribunal set aside issues related to Section 14A disallowance, DEPB license sale proceeds, and transfer pricing adjustments for reassessment by the AO. Penalties under Section 271(1)(c) were deleted due to bona fide legal belief and lack of concealment. Case-Laws Income Tax Fri, 24 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182821