https://www.taxtmi.com/caselaws?id=286818 The appeals filed by the AO and the cross-objections by the assessee for all three assessment years were partly allowed. The Tribunal upheld the FAA's decisions on some issues while reversing others, providing a detailed analysis and rationale for each decision. The deductions of Rs. 373.25 crores as revenue subsidies and grants were allowed, the addition of Rs. 161.64 crores being interest on borrowed capital was deleted, and the disallowance of electricity duty under section 43B was reversed. Losses due to flood, cyclone, fire, etc., were partially allowed, and the write-off of intangible assets was also allowed. en-us Wed, 30 Sep 2015 00:00:00 +0530 Tue, 17 Mar 2020 10:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286818 The appeals filed by the AO and the cross-objections by the assessee for all three assessment years were partly allowed. The Tribunal upheld the FAA's decisions on some issues while reversing others, providing a detailed analysis and rationale for each decision. The deductions of Rs. 373.25 crores as revenue subsidies and grants were allowed, the addition of Rs. 161.64 crores being interest on borrowed capital was deleted, and the disallowance of electricity duty under section 43B was reversed. Losses due to flood, cyclone, fire, etc., were partially allowed, and the write-off of intangible assets was also allowed. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286818