https://www.taxtmi.com/caselaws?id=282426 The tribunal partially allowed the appeal, upholding the rejection of Gross loss for the Nashik Unit due to lack of convincing explanations, disagreeing with the transfer of Nashik Unit's loss to Pune Unit for deduction u/s 10B, confirming the reduction of profit for deduction purposes by interest income, setting aside the disallowance of deduction for sub-contract works, and directing a re-computation of disallowance u/s 14A under reasonable grounds. en-us Wed, 10 Jun 2015 00:00:00 +0530 Wed, 07 Aug 2019 18:45:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282426 The tribunal partially allowed the appeal, upholding the rejection of Gross loss for the Nashik Unit due to lack of convincing explanations, disagreeing with the transfer of Nashik Unit's loss to Pune Unit for deduction u/s 10B, confirming the reduction of profit for deduction purposes by interest income, setting aside the disallowance of deduction for sub-contract works, and directing a re-computation of disallowance u/s 14A under reasonable grounds. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282426