https://www.taxtmi.com/caselaws?id=391801 The appeal was partly allowed, with the Tribunal ruling in favor of the assessee on various issues such as the disallowance under Section 14A, deduction under Section 80IC, and employee's contribution towards Provident Fund. The Tribunal directed further verification or adjudication by the Assessing Officer or CIT(A) on certain matters, including adjustments in book profits and treatment of subsidies as capital receipts. Some issues were confirmed or deleted based on legal precedents and principles, resulting in a mixed outcome for the parties involved in the case. en-us Fri, 20 Dec 2019 00:00:00 +0530 Fri, 07 Feb 2020 10:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391801 The appeal was partly allowed, with the Tribunal ruling in favor of the assessee on various issues such as the disallowance under Section 14A, deduction under Section 80IC, and employee's contribution towards Provident Fund. The Tribunal directed further verification or adjudication by the Assessing Officer or CIT(A) on certain matters, including adjustments in book profits and treatment of subsidies as capital receipts. Some issues were confirmed or deleted based on legal precedents and principles, resulting in a mixed outcome for the parties involved in the case. Case-Laws Income Tax Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391801