https://www.taxtmi.com/caselaws?id=279884 The Tribunal upheld the deletion of the addition made by the AO regarding the disallowance of deduction under Section 80-IA, citing a High Court decision. It also allowed writing off trade advance as revenue expenditure and deducted costs for building construction on leasehold land as revenue expenditure. The penalty imposed under Section 271(1)(c) was deleted, with the Tribunal directing a reconsideration of the issue. The Tribunal dismissed the Revenue's appeals on the first two issues, remitted the third issue for fresh consideration, and dismissed the penalty appeal as infructuous. en-us Wed, 21 Sep 2016 00:00:00 +0530 Wed, 10 Apr 2019 06:12:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279884 The Tribunal upheld the deletion of the addition made by the AO regarding the disallowance of deduction under Section 80-IA, citing a High Court decision. It also allowed writing off trade advance as revenue expenditure and deducted costs for building construction on leasehold land as revenue expenditure. The penalty imposed under Section 271(1)(c) was deleted, with the Tribunal directing a reconsideration of the issue. The Tribunal dismissed the Revenue's appeals on the first two issues, remitted the third issue for fresh consideration, and dismissed the penalty appeal as infructuous. Case-Laws Income Tax Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279884