https://www.taxtmi.com/caselaws?id=349433 The Tribunal partially allowed the appeal, upholding the disallowance under Section 14A but deleting a portion due to sufficient shareholder funds. It affirmed the forceful allowance of additional depreciation under Section 32(1)(iia) and rejected the recomputation of book profit under Section 115JB. The matter of transfer pricing adjustment for intra-group services was remitted for fresh determination. The re-characterization of redeemable preference shares was also remitted for further consideration. The Tribunal directed the allowance of necessary credit for tax deducted at source and advance tax, providing detailed analysis and instructions on each issue. en-us Mon, 09 Oct 2017 00:00:00 +0530 Fri, 13 Oct 2017 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349433 The Tribunal partially allowed the appeal, upholding the disallowance under Section 14A but deleting a portion due to sufficient shareholder funds. It affirmed the forceful allowance of additional depreciation under Section 32(1)(iia) and rejected the recomputation of book profit under Section 115JB. The matter of transfer pricing adjustment for intra-group services was remitted for fresh determination. The re-characterization of redeemable preference shares was also remitted for further consideration. The Tribunal directed the allowance of necessary credit for tax deducted at source and advance tax, providing detailed analysis and instructions on each issue. Case-Laws Income Tax Mon, 09 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349433