https://www.taxtmi.com/caselaws?id=280971 The Tribunal partially allowed the assessee's appeals and dismissed the Revenue's appeal. It upheld the disallowance of exemption under section 10(23G) for interest income, granted exemption under section 10(23G) after deducting actual interest cost, allowed exemption under section 10(34) for dividend income without deducting notional costs, directed the exclusion of interest expenses on foreign currency loans, and confirmed the grant of depreciation under section 32 as claimed by the assessee. The Tribunal's decision aligned with previous rulings and upheld the CIT(A)'s directions where appropriate. en-us Wed, 04 Apr 2018 00:00:00 +0530 Wed, 29 May 2019 06:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280971 The Tribunal partially allowed the assessee's appeals and dismissed the Revenue's appeal. It upheld the disallowance of exemption under section 10(23G) for interest income, granted exemption under section 10(23G) after deducting actual interest cost, allowed exemption under section 10(34) for dividend income without deducting notional costs, directed the exclusion of interest expenses on foreign currency loans, and confirmed the grant of depreciation under section 32 as claimed by the assessee. The Tribunal's decision aligned with previous rulings and upheld the CIT(A)'s directions where appropriate. Case-Laws Income Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280971