https://www.taxtmi.com/caselaws?id=278429 The Tribunal allowed the assessee's claim regarding the computation of income under section 115JB, directing the AO to determine the correct amount of loss brought forward without considering certain adjustments. The disallowance of expenses under section 40A(9) was remanded back to the AO for verification. The addition of notional interest was deleted, and depreciation calculation was adjusted based on correct opening WDV. Interest under sections 234B and 234D was upheld, and MAT credit under section 115JAA was to be quantified. The deduction under section 35(1)(ii) for donations was allowed based on retrospective approval of the institute by CBDT. en-us Tue, 30 Aug 2011 00:00:00 +0530 Tue, 18 Apr 2023 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278429 The Tribunal allowed the assessee's claim regarding the computation of income under section 115JB, directing the AO to determine the correct amount of loss brought forward without considering certain adjustments. The disallowance of expenses under section 40A(9) was remanded back to the AO for verification. The addition of notional interest was deleted, and depreciation calculation was adjusted based on correct opening WDV. Interest under sections 234B and 234D was upheld, and MAT credit under section 115JAA was to be quantified. The deduction under section 35(1)(ii) for donations was allowed based on retrospective approval of the institute by CBDT. Case-Laws Income Tax Tue, 30 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278429