https://www.taxtmi.com/caselaws?id=294969 Replacement expenditure on electricity meters was treated as allowable revenue expenditure where consistent prior-year treatment and unchanged facts supported deletion of the disallowance. Head office expenses were not apportioned against the section 80IA deduction on the same factual basis as earlier accepted years. Recharacterisation of capital gains and carry-forward of capital loss may be claimed before appellate authorities without a revised return where relevant facts are already on record. Under section 14A read with Rule 8D, sufficient interest-free funds preclude interest disallowance, but investments in subsidiaries remain includible for Rule 8D computation. Section 115JB does not apply where an electricity supply company prepares accounts under the Electricity Supply Act rather than the prescribed Companies Act format. en-us Thu, 27 Dec 2018 00:00:00 +0530 Thu, 13 May 2021 08:27:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294969 Replacement expenditure on electricity meters was treated as allowable revenue expenditure where consistent prior-year treatment and unchanged facts supported deletion of the disallowance. Head office expenses were not apportioned against the section 80IA deduction on the same factual basis as earlier accepted years. Recharacterisation of capital gains and carry-forward of capital loss may be claimed before appellate authorities without a revised return where relevant facts are already on record. Under section 14A read with Rule 8D, sufficient interest-free funds preclude interest disallowance, but investments in subsidiaries remain includible for Rule 8D computation. Section 115JB does not apply where an electricity supply company prepares accounts under the Electricity Supply Act rather than the prescribed Companies Act format. Case-Laws Income Tax Thu, 27 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294969