https://www.taxtmi.com/caselaws?id=332388 The Tribunal allowed the assessee's appeal and dismissed the department's appeal. The Tribunal set aside the disallowance under Section 14A, directed deletion of the addition on account of undervaluation of closing stock, upheld the deletion of interest expenses disallowance, supported the extra depreciation claimed on computer peripherals, approved the rebate under Section 88E, and ruled that Section 115JB (MAT) was not applicable. The matter was remanded to the AO for fresh adjudication. en-us Fri, 05 Aug 2016 00:00:00 +0530 Fri, 16 Sep 2016 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332388 The Tribunal allowed the assessee's appeal and dismissed the department's appeal. The Tribunal set aside the disallowance under Section 14A, directed deletion of the addition on account of undervaluation of closing stock, upheld the deletion of interest expenses disallowance, supported the extra depreciation claimed on computer peripherals, approved the rebate under Section 88E, and ruled that Section 115JB (MAT) was not applicable. The matter was remanded to the AO for fresh adjudication. Case-Laws Income Tax Fri, 05 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332388