https://www.taxtmi.com/caselaws?id=274372 The Tribunal upheld the deletion of disallowances under sections 36(1)(iii) and 14A of the Income Tax Act, as well as the disallowance of depreciation on Power Evacuation Facility and transmission lines. The decisions favored the assessee, emphasizing the investments were for business purposes, excluding interest directly related to taxable income, and recognizing PEF and transmission lines as eligible for higher depreciation rates. The Tribunal dismissed the Revenue's appeals and allowed the assessee's Cross Objections, maintaining consistency with prior rulings and legal principles. en-us Fri, 27 Nov 2015 00:00:00 +0530 Fri, 10 Aug 2018 13:59:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274372 The Tribunal upheld the deletion of disallowances under sections 36(1)(iii) and 14A of the Income Tax Act, as well as the disallowance of depreciation on Power Evacuation Facility and transmission lines. The decisions favored the assessee, emphasizing the investments were for business purposes, excluding interest directly related to taxable income, and recognizing PEF and transmission lines as eligible for higher depreciation rates. The Tribunal dismissed the Revenue's appeals and allowed the assessee's Cross Objections, maintaining consistency with prior rulings and legal principles. Case-Laws Income Tax Fri, 27 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274372