https://www.taxtmi.com/caselaws?id=411031 The Tribunal ruled in favor of the assessee on various tax issues, including adjustment to the arm's length price of export commission paid to associated enterprises, deduction of Voluntary Retirement Scheme benefits, depreciation on obsolete assets, disallowance of interest expenditure under section 14A, disallowance of computer software charges, addition of unutilized MODVAT credit, disallowance of deduction under section 80HHC, disallowance of bad debts written off, enhancement of annual letting value of a flat, and penalty under section 271(1)(c) of the Income Tax Act. The Tribunal applied consistency principles and previous judicial decisions to allow most claims and deleted the penalty. en-us Wed, 11 Aug 2021 00:00:00 +0530 Mon, 16 Aug 2021 09:14:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411031 The Tribunal ruled in favor of the assessee on various tax issues, including adjustment to the arm's length price of export commission paid to associated enterprises, deduction of Voluntary Retirement Scheme benefits, depreciation on obsolete assets, disallowance of interest expenditure under section 14A, disallowance of computer software charges, addition of unutilized MODVAT credit, disallowance of deduction under section 80HHC, disallowance of bad debts written off, enhancement of annual letting value of a flat, and penalty under section 271(1)(c) of the Income Tax Act. The Tribunal applied consistency principles and previous judicial decisions to allow most claims and deleted the penalty. Case-Laws Income Tax Wed, 11 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411031