https://www.taxtmi.com/caselaws?id=187958 The Tribunal partially allowed the appeal, directing the Assessing Officer to reevaluate deductions under Section 80IC, remission of deferred sales tax loan liability, disallowance of interest and administrative expenses under Section 14A, disallowance of lease rentals, and expenditure on buy-back of shares based on relevant judicial decisions and factual assessments. The Tribunal instructed the Assessing Officer to verify the nature of subsidies for Section 80IC deduction and adjust the arm's length price of the corporate guarantee to 0.5% instead of 3%. en-us Wed, 20 Apr 2016 00:00:00 +0530 Sun, 13 Nov 2016 23:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187958 The Tribunal partially allowed the appeal, directing the Assessing Officer to reevaluate deductions under Section 80IC, remission of deferred sales tax loan liability, disallowance of interest and administrative expenses under Section 14A, disallowance of lease rentals, and expenditure on buy-back of shares based on relevant judicial decisions and factual assessments. The Tribunal instructed the Assessing Officer to verify the nature of subsidies for Section 80IC deduction and adjust the arm's length price of the corporate guarantee to 0.5% instead of 3%. Case-Laws Income Tax Wed, 20 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187958