https://www.taxtmi.com/caselaws?id=367120 The ITAT upheld the CIT(A)'s decision to allow proportionate deductions for Tower T4, following the precedent set by the Hon'ble Bombay High Court. The issue of deductions for Towers T5 and T6 was remanded back to the CIT(A) for re-examination based on the specific provisions of section 80IB(10), without considering revenue neutrality under section 115JB. The appeal by the revenue was partly allowed for statistical purposes, and the cross-objection by the assessee was allowed. en-us Thu, 31 May 2018 00:00:00 +0530 Sat, 15 Sep 2018 07:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367120 The ITAT upheld the CIT(A)'s decision to allow proportionate deductions for Tower T4, following the precedent set by the Hon'ble Bombay High Court. The issue of deductions for Towers T5 and T6 was remanded back to the CIT(A) for re-examination based on the specific provisions of section 80IB(10), without considering revenue neutrality under section 115JB. The appeal by the revenue was partly allowed for statistical purposes, and the cross-objection by the assessee was allowed. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367120