https://www.taxtmi.com/caselaws?id=195263 The Tribunal allowed the revenue's appeal, setting aside the Ld CIT(A)'s order and remanding the matter to the Assessing Officer for recalculating the income eligible for deduction u/s 80IA based on adjusted figures. The Tribunal held that the bonus and compensation received by the assessee company were capital in nature, impacting the cost of the project and subsequent depreciation claims. The total cost of the project would decrease, affecting depreciation and gross income. The Tribunal clarified the assessment of book profit under the MAT provision u/s 115JB, with the order pronounced on 26th March, 2010. en-us Fri, 26 Mar 2010 00:00:00 +0530 Tue, 24 Oct 2017 17:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195263 The Tribunal allowed the revenue's appeal, setting aside the Ld CIT(A)'s order and remanding the matter to the Assessing Officer for recalculating the income eligible for deduction u/s 80IA based on adjusted figures. The Tribunal held that the bonus and compensation received by the assessee company were capital in nature, impacting the cost of the project and subsequent depreciation claims. The total cost of the project would decrease, affecting depreciation and gross income. The Tribunal clarified the assessment of book profit under the MAT provision u/s 115JB, with the order pronounced on 26th March, 2010. Case-Laws Income Tax Fri, 26 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195263