https://www.taxtmi.com/caselaws?id=328747 The Tribunal partly allowed the appeals, directing the AO to treat business reorganization expenses as revenue, allow depreciation on block of assets, allocate corporate office expenses, accept the assessee's property valuation for capital gains, and disallow expenses under Section 14A. The Tribunal also upheld the disallowance for delayed PF contributions, interest on borrowed funds, and club entrance fee, while requiring a valid notification for deduction under Section 35 and prescribed certificate for Section 80IB deduction. The MAT credit treatment for interest calculation was remanded for fresh adjudication. The Tribunal emphasized adherence to legal precedents in its decisions. en-us Fri, 10 Jun 2016 00:00:00 +0530 Mon, 13 Jun 2016 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328747 The Tribunal partly allowed the appeals, directing the AO to treat business reorganization expenses as revenue, allow depreciation on block of assets, allocate corporate office expenses, accept the assessee's property valuation for capital gains, and disallow expenses under Section 14A. The Tribunal also upheld the disallowance for delayed PF contributions, interest on borrowed funds, and club entrance fee, while requiring a valid notification for deduction under Section 35 and prescribed certificate for Section 80IB deduction. The MAT credit treatment for interest calculation was remanded for fresh adjudication. The Tribunal emphasized adherence to legal precedents in its decisions. Case-Laws Income Tax Fri, 10 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328747