https://www.taxtmi.com/caselaws?id=273117 The Tribunal set aside the valuation of land under litigation for fresh consideration, emphasizing consistency and factual examination. Maintenance expenses for transferred industrial areas were allowed as consistent with past practices. Prior period expenses were upheld as regular business expenses. Contributions to State Renewal Fund and CDOS were allowed as business-related. Deductions under Section 80IA were permitted for interest and penal interest income. Contribution for constructing Rajasthan Bhawan was allowed for business purposes. Disallowance under Section 14A was partly deleted. Corporate Social Responsibility expenses were disallowed due to lack of nexus with business activity. The judgment emphasizes consistency in valuation and expense treatment, business-related deductions, and evolving CSR expense considerations. en-us Fri, 23 Feb 2018 00:00:00 +0530 Wed, 06 Jun 2018 12:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273117 The Tribunal set aside the valuation of land under litigation for fresh consideration, emphasizing consistency and factual examination. Maintenance expenses for transferred industrial areas were allowed as consistent with past practices. Prior period expenses were upheld as regular business expenses. Contributions to State Renewal Fund and CDOS were allowed as business-related. Deductions under Section 80IA were permitted for interest and penal interest income. Contribution for constructing Rajasthan Bhawan was allowed for business purposes. Disallowance under Section 14A was partly deleted. Corporate Social Responsibility expenses were disallowed due to lack of nexus with business activity. The judgment emphasizes consistency in valuation and expense treatment, business-related deductions, and evolving CSR expense considerations. Case-Laws Income Tax Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273117