https://www.taxtmi.com/caselaws?id=401366 The Tribunal upheld the rejection of the assessee's claim for deemed payment of sales tax under Section 43B and disallowance of depreciation on capitalized goods. It reversed the disallowance of deduction under Section 80IB(9) for the SEZ Undertaking, depreciation on intangible assets, and CSR expenses under Section 37(1). The Tribunal remanded the issue of depreciation on office equipment and arm's length mark-up on Business Support Services for further verification. It directed acceptance of the rate charged by DGVCL for inter-unit transfer of power and granted deductions under Section 10AA and weighted deduction under Section 35(1)(ii) based on legal interpretations and consistency principles. en-us Tue, 10 Nov 2020 00:00:00 +0530 Fri, 04 Dec 2020 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401366 The Tribunal upheld the rejection of the assessee's claim for deemed payment of sales tax under Section 43B and disallowance of depreciation on capitalized goods. It reversed the disallowance of deduction under Section 80IB(9) for the SEZ Undertaking, depreciation on intangible assets, and CSR expenses under Section 37(1). The Tribunal remanded the issue of depreciation on office equipment and arm's length mark-up on Business Support Services for further verification. It directed acceptance of the rate charged by DGVCL for inter-unit transfer of power and granted deductions under Section 10AA and weighted deduction under Section 35(1)(ii) based on legal interpretations and consistency principles. Case-Laws Income Tax Tue, 10 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401366