https://www.taxtmi.com/caselaws?id=294969 The note discusses recurring income-tax issues under ITAT Mumbai rulings: replacement of electricity meters was treated as revenue expenditure because the same factual claim had been allowed in earlier years; head office expenses were not to be apportioned against deduction under section 80IA where prior orders and High Court support existed; additional claims for recharacterising capital gains and carrying forward capital loss could be considered without a revised return if the facts were already on record; under section 14A read with Rule 8D, interest disallowance was deleted where interest-free funds covered investments, but subsidiary investments remained includible; section 115JB was held inapplicable to an electricity supply company preparing accounts under the Electricity Supply Act. 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 The note discusses recurring income-tax issues under ITAT Mumbai rulings: replacement of electricity meters was treated as revenue expenditure because the same factual claim had been allowed in earlier years; head office expenses were not to be apportioned against deduction under section 80IA where prior orders and High Court support existed; additional claims for recharacterising capital gains and carrying forward capital loss could be considered without a revised return if the facts were already on record; under section 14A read with Rule 8D, interest disallowance was deleted where interest-free funds covered investments, but subsidiary investments remained includible; section 115JB was held inapplicable to an electricity supply company preparing accounts under the Electricity Supply Act. Case-Laws Income Tax Thu, 27 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294969