https://www.taxtmi.com/caselaws?id=395994 The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal. Key outcomes included: no disallowance of interest expenses under Section 14A, allowance of prior period expenses, set-off of unabsorbed depreciation pending appeal, dismissal of advance against depreciation addition, allowance of depreciation due to accounting method change, and a revised computation of profit under Section 115JB. The CIT(A)'s decision on Section 80-IA(4) was upheld. The Tribunal extended the pronouncement period due to COVID-19, adhering to judicial precedents. en-us Thu, 04 Jun 2020 00:00:00 +0530 Wed, 06 Nov 2024 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395994 The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal. Key outcomes included: no disallowance of interest expenses under Section 14A, allowance of prior period expenses, set-off of unabsorbed depreciation pending appeal, dismissal of advance against depreciation addition, allowance of depreciation due to accounting method change, and a revised computation of profit under Section 115JB. The CIT(A)'s decision on Section 80-IA(4) was upheld. The Tribunal extended the pronouncement period due to COVID-19, adhering to judicial precedents. Case-Laws Income Tax Thu, 04 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395994