https://www.taxtmi.com/caselaws?id=335814 The Tribunal dismissed both the Revenue and assessee's appeals, upholding the CIT(A)'s decisions on all issues. The Tribunal affirmed the disallowances and exclusions made by the AO, including depreciation on goodwill, MAT credit for amalgamated companies, disallowance under Section 14A read with Rule 8D, apportionment of expenses, and exclusion of income from sale of DEPB and focus market scheme for computation of deduction under Section 80IC. The order was pronounced on 25th November 2016 in Chennai. en-us Fri, 25 Nov 2016 00:00:00 +0530 Fri, 09 Dec 2016 16:20:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335814 The Tribunal dismissed both the Revenue and assessee's appeals, upholding the CIT(A)'s decisions on all issues. The Tribunal affirmed the disallowances and exclusions made by the AO, including depreciation on goodwill, MAT credit for amalgamated companies, disallowance under Section 14A read with Rule 8D, apportionment of expenses, and exclusion of income from sale of DEPB and focus market scheme for computation of deduction under Section 80IC. The order was pronounced on 25th November 2016 in Chennai. Case-Laws Income Tax Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335814