https://www.taxtmi.com/caselaws?id=384258 The appeals challenging the disallowance of depreciation on plant and machinery were dismissed for the relevant assessment years. The disallowance under section 14A was deleted, and the addition to book profits under section 115JB(2) was reconsidered for one assessment year. The disallowance of interest paid on borrowings was partly allowed, with a restriction to 2% disallowance of the interest rate difference for another assessment year. en-us Wed, 31 Jul 2019 00:00:00 +0530 Thu, 08 Aug 2019 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384258 The appeals challenging the disallowance of depreciation on plant and machinery were dismissed for the relevant assessment years. The disallowance under section 14A was deleted, and the addition to book profits under section 115JB(2) was reconsidered for one assessment year. The disallowance of interest paid on borrowings was partly allowed, with a restriction to 2% disallowance of the interest rate difference for another assessment year. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384258