https://www.taxtmi.com/caselaws?id=390471 The Tribunal upheld the deletions of additional depreciation and ERPC charges, along with the disallowance under section 14A. It ruled in favor of the assessee regarding the interest on Fixed Deposits from the RGGVY scheme, stating it was not taxable income as it was meant for project costs under the scheme with an overriding title in favor of the Government of India. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions supported by judicial precedents and the terms of the RGGVY scheme. en-us Tue, 31 Dec 2019 00:00:00 +0530 Fri, 03 Jan 2020 13:05:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390471 The Tribunal upheld the deletions of additional depreciation and ERPC charges, along with the disallowance under section 14A. It ruled in favor of the assessee regarding the interest on Fixed Deposits from the RGGVY scheme, stating it was not taxable income as it was meant for project costs under the scheme with an overriding title in favor of the Government of India. The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decisions supported by judicial precedents and the terms of the RGGVY scheme. Case-Laws Income Tax Tue, 31 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390471