https://www.taxtmi.com/caselaws?id=284441 The Tribunal upheld the CIT(A)'s decisions favoring the assessee on various issues, including the deletion of ALP adjustment falling within safe harbor limits, disallowance under section 14A limited to dividend income, set-off of unabsorbed depreciation, and disallowance of interest converted into equity shares under section 43B. However, matters related to computation of book profit under section 115JB, specifically regarding depreciation on revalued assets and gain on exchange rate fluctuations, were restored back to the AO for reconsideration based on legal precedents, emphasizing adherence to established legal principles in tax dispute resolution. en-us Thu, 27 Dec 2018 00:00:00 +0530 Tue, 19 Nov 2019 10:18:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284441 The Tribunal upheld the CIT(A)'s decisions favoring the assessee on various issues, including the deletion of ALP adjustment falling within safe harbor limits, disallowance under section 14A limited to dividend income, set-off of unabsorbed depreciation, and disallowance of interest converted into equity shares under section 43B. However, matters related to computation of book profit under section 115JB, specifically regarding depreciation on revalued assets and gain on exchange rate fluctuations, were restored back to the AO for reconsideration based on legal precedents, emphasizing adherence to established legal principles in tax dispute resolution. Case-Laws Income Tax Thu, 27 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284441