https://www.taxtmi.com/caselaws?id=283605 The appeal involved the disallowance of depreciation under section 32(1) of the Income Tax Act. The Tribunal upheld the order disallowing depreciation as the quantum of deduction under section 80-IA is not affected by claiming or not claiming depreciation. Regarding the disallowance of expenditure under section 14A, the Tribunal upheld the disallowance under Rule 8D(2)(iii) based on previous decisions and upheld the order of the Ld. CIT(A) with adjustments. The appeal was dismissed, and the Tribunal pronounced the order on 31/05/2018. en-us Thu, 31 May 2018 00:00:00 +0530 Wed, 02 Oct 2019 13:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283605 The appeal involved the disallowance of depreciation under section 32(1) of the Income Tax Act. The Tribunal upheld the order disallowing depreciation as the quantum of deduction under section 80-IA is not affected by claiming or not claiming depreciation. Regarding the disallowance of expenditure under section 14A, the Tribunal upheld the disallowance under Rule 8D(2)(iii) based on previous decisions and upheld the order of the Ld. CIT(A) with adjustments. The appeal was dismissed, and the Tribunal pronounced the order on 31/05/2018. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283605