https://www.taxtmi.com/caselaws?id=337491 The Tribunal partially allowed the appeal of the assessee in a tax case involving various issues such as Excise Modvat addition, valuation of property for long term capital gains, deduction for legal costs, disallowance under sections 14A and 37(1), and deductions under sections 80IC. The Tribunal directed adjustments in stock valuation, considered fair market value for capital gains, allowed legal expenses as part of cost of improvement, restricted disallowance under section 14A, emphasized factual aspects for excess managerial remuneration, and granted the appellant an opportunity to amend appeal grounds for deduction under section 80IC. The issue regarding disallowance under section 80IC on other income was dismissed as not pressed during proceedings. en-us Wed, 09 Nov 2016 00:00:00 +0530 Thu, 28 Feb 2019 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337491 The Tribunal partially allowed the appeal of the assessee in a tax case involving various issues such as Excise Modvat addition, valuation of property for long term capital gains, deduction for legal costs, disallowance under sections 14A and 37(1), and deductions under sections 80IC. The Tribunal directed adjustments in stock valuation, considered fair market value for capital gains, allowed legal expenses as part of cost of improvement, restricted disallowance under section 14A, emphasized factual aspects for excess managerial remuneration, and granted the appellant an opportunity to amend appeal grounds for deduction under section 80IC. The issue regarding disallowance under section 80IC on other income was dismissed as not pressed during proceedings. Case-Laws Income Tax Wed, 09 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337491