https://www.taxtmi.com/caselaws?id=293066 The court upheld the appellant's challenge against the disallowance of interest expense under section 14A for exempt income under section 80P(2)(d) of the Income Tax Act, 1961, citing a previous judgment in favor of the assessee. It also ruled in favor of the appellant regarding the additional depreciation on milk cans, considering them as plants eligible for depreciation. However, the issue of claimed additional depreciation on Plant & Machinery was admitted as a substantial question of law for further consideration. en-us Mon, 10 Dec 2018 00:00:00 +0530 Wed, 20 Jan 2021 19:16:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293066 The court upheld the appellant's challenge against the disallowance of interest expense under section 14A for exempt income under section 80P(2)(d) of the Income Tax Act, 1961, citing a previous judgment in favor of the assessee. It also ruled in favor of the appellant regarding the additional depreciation on milk cans, considering them as plants eligible for depreciation. However, the issue of claimed additional depreciation on Plant & Machinery was admitted as a substantial question of law for further consideration. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293066