https://www.taxtmi.com/caselaws?id=282011 The appeal was partially allowed by the Tribunal. The disallowance of depreciation on R&D equipment was considered "tax neutral" and dismissed as academic. The deduction under section 80IC of the Income Tax Act was granted at 100% based on a High Court ruling, as the Assessing Officer did not contest the substantial expansion. However, the disallowance of deduction on interest income and other income was upheld due to insufficient evidence linking them to the manufacturing activities. en-us Mon, 12 Feb 2018 00:00:00 +0530 Thu, 18 Jul 2019 06:23:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282011 The appeal was partially allowed by the Tribunal. The disallowance of depreciation on R&D equipment was considered "tax neutral" and dismissed as academic. The deduction under section 80IC of the Income Tax Act was granted at 100% based on a High Court ruling, as the Assessing Officer did not contest the substantial expansion. However, the disallowance of deduction on interest income and other income was upheld due to insufficient evidence linking them to the manufacturing activities. Case-Laws Income Tax Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282011