https://www.taxtmi.com/caselaws?id=196362 The Tribunal allowed the assessee's appeal on the disallowance of provision for Leave Encashment, directing a fresh adjudication based on legal precedents. The disallowance u/s 14A r.w.r. 8D was partially sustained, with a recalibration of interest. The Tribunal addressed the levy of interest under sections 234B and 234C, instructing a recalculation. The allowance of deduction claimed on account of provisions of warranty was upheld, citing prior favorable judgments. The deletion of disallowance of additional depreciation was affirmed, emphasizing the assets' use in the manufacturing plant. The Revenue's appeals were dismissed on these grounds. en-us Thu, 08 Jan 2015 00:00:00 +0530 Tue, 28 Nov 2017 21:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196362 The Tribunal allowed the assessee's appeal on the disallowance of provision for Leave Encashment, directing a fresh adjudication based on legal precedents. The disallowance u/s 14A r.w.r. 8D was partially sustained, with a recalibration of interest. The Tribunal addressed the levy of interest under sections 234B and 234C, instructing a recalculation. The allowance of deduction claimed on account of provisions of warranty was upheld, citing prior favorable judgments. The deletion of disallowance of additional depreciation was affirmed, emphasizing the assets' use in the manufacturing plant. The Revenue's appeals were dismissed on these grounds. Case-Laws Income Tax Thu, 08 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196362