https://www.taxtmi.com/caselaws?id=383051 The Tribunal ruled in favor of the assessee, quashing the Ld. CIT's order invoking powers under Section 263 of the Income Tax Act for AYs 2010-11 and 2011-12. The Tribunal held that the Ld. CIT's actions were unwarranted and lacked merit regarding various issues including eligibility for deduction under Section 35D, taxability of profits from Joint Ventures, depreciation on Plant & Machinery, and treatment of notional gain on capital items. The appeals of the assessee were allowed, and the order was pronounced on 12th July 2019. en-us Fri, 12 Jul 2019 00:00:00 +0530 Mon, 15 Jul 2019 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383051 The Tribunal ruled in favor of the assessee, quashing the Ld. CIT's order invoking powers under Section 263 of the Income Tax Act for AYs 2010-11 and 2011-12. The Tribunal held that the Ld. CIT's actions were unwarranted and lacked merit regarding various issues including eligibility for deduction under Section 35D, taxability of profits from Joint Ventures, depreciation on Plant & Machinery, and treatment of notional gain on capital items. The appeals of the assessee were allowed, and the order was pronounced on 12th July 2019. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383051