https://www.taxtmi.com/caselaws?id=382429 The Tribunal ruled in favor of the assessee on multiple issues, including disallowance of village development expenses, contribution to Refrigerant Gas Manufacturer Association, loss due to fluctuation of foreign exchange, treatment of income from sale and purchase of shares, disallowance under section 14A, deduction for captive power plants, consultancy fees paid to McKinsey & Co, depreciation disallowance, and treatment of carbon credit proceeds. The Tribunal upheld the CIT(A)'s decisions, allowing deductions and deletions of disallowances, and rejected the Revenue's contentions. Additionally, the Tribunal deleted the penalty under Section 271(1)(c) imposed on the assessee for furnishing inaccurate particulars of income. en-us Fri, 28 Jun 2019 00:00:00 +0530 Tue, 02 Jul 2019 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382429 The Tribunal ruled in favor of the assessee on multiple issues, including disallowance of village development expenses, contribution to Refrigerant Gas Manufacturer Association, loss due to fluctuation of foreign exchange, treatment of income from sale and purchase of shares, disallowance under section 14A, deduction for captive power plants, consultancy fees paid to McKinsey & Co, depreciation disallowance, and treatment of carbon credit proceeds. The Tribunal upheld the CIT(A)'s decisions, allowing deductions and deletions of disallowances, and rejected the Revenue's contentions. Additionally, the Tribunal deleted the penalty under Section 271(1)(c) imposed on the assessee for furnishing inaccurate particulars of income. Case-Laws Income Tax Fri, 28 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382429