https://www.taxtmi.com/caselaws?id=356162 The Tribunal reversed the CIT(A)'s decision on deduction under section 80IA(4) for new projects, emphasizing the assessee's role as a developer. It upheld the assessee's argument against disallowance under section 14A, considering its strategic investments. The Tribunal directed TDS credit on advances to be allowed in the year of deduction. It found additions based on AIR information unjustified without proper reconciliation and remanded the issue. The Tribunal ruled in favor of giving TDS credit for income considered in the books and upheld the levy of interest under section 234B. en-us Wed, 14 Feb 2018 00:00:00 +0530 Mon, 26 Feb 2018 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356162 The Tribunal reversed the CIT(A)'s decision on deduction under section 80IA(4) for new projects, emphasizing the assessee's role as a developer. It upheld the assessee's argument against disallowance under section 14A, considering its strategic investments. The Tribunal directed TDS credit on advances to be allowed in the year of deduction. It found additions based on AIR information unjustified without proper reconciliation and remanded the issue. The Tribunal ruled in favor of giving TDS credit for income considered in the books and upheld the levy of interest under section 234B. Case-Laws Income Tax Wed, 14 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356162