https://www.taxtmi.com/caselaws?id=341136 The ITAT dismissed the revenue's appeal and allowed the assessee's appeal. The Tribunal upheld the CIT(A)'s decisions regarding the deduction under Section 80IB for common expenses and scrap sales income, and reversed the disallowance under Section 14A related to exempt income. The judgments emphasized the consistency and reasonableness of the assessee's methods and the necessity for the AO to provide clear justifications for disallowances. en-us Wed, 14 Dec 2016 00:00:00 +0530 Mon, 03 Apr 2017 07:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341136 The ITAT dismissed the revenue's appeal and allowed the assessee's appeal. The Tribunal upheld the CIT(A)'s decisions regarding the deduction under Section 80IB for common expenses and scrap sales income, and reversed the disallowance under Section 14A related to exempt income. The judgments emphasized the consistency and reasonableness of the assessee's methods and the necessity for the AO to provide clear justifications for disallowances. Case-Laws Income Tax Wed, 14 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341136