https://www.taxtmi.com/caselaws?id=346680 The Appellate Tribunal upheld the deletion of disallowance under Section 40(a)(v) of the Income Tax Act, emphasizing that the tax borne by the employer had already been grossed up and the assessee had not claimed exemption. The Tribunal deferred the decision on the set off of carry forward of unabsorbed depreciation, allowed the deletion of interest income if taxed in the succeeding year, and directed the Assessing Officer to provide consequential relief regarding interest under section 234B. en-us Fri, 28 Apr 2017 00:00:00 +0530 Mon, 21 Aug 2017 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346680 The Appellate Tribunal upheld the deletion of disallowance under Section 40(a)(v) of the Income Tax Act, emphasizing that the tax borne by the employer had already been grossed up and the assessee had not claimed exemption. The Tribunal deferred the decision on the set off of carry forward of unabsorbed depreciation, allowed the deletion of interest income if taxed in the succeeding year, and directed the Assessing Officer to provide consequential relief regarding interest under section 234B. Case-Laws Income Tax Fri, 28 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346680