https://www.taxtmi.com/caselaws?id=277968 The ITAT ruled in favor of the assessee regarding the addition of Rs. 42,02,267 as deemed dividend, disallowance u/s 14A, computation of book profits u/s 115JA, deduction u/s 80IA for power generated for captive consumption, and penal interest of Rs. 1,53,902. The ITAT upheld the addition of provision for doubtful debts of Rs. 38,73,894 for computing book profits. The appeals by the assessee for AY 2006-07 and 2007-08 were partly allowed, while the revenue's appeals for both assessment years were dismissed. en-us Fri, 21 Sep 2012 00:00:00 +0530 Wed, 02 Jan 2019 17:38:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277968 The ITAT ruled in favor of the assessee regarding the addition of Rs. 42,02,267 as deemed dividend, disallowance u/s 14A, computation of book profits u/s 115JA, deduction u/s 80IA for power generated for captive consumption, and penal interest of Rs. 1,53,902. The ITAT upheld the addition of provision for doubtful debts of Rs. 38,73,894 for computing book profits. The appeals by the assessee for AY 2006-07 and 2007-08 were partly allowed, while the revenue's appeals for both assessment years were dismissed. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277968