https://www.taxtmi.com/caselaws?id=297693 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decisions. The disallowance of deduction under Section 80IA was rejected as the plant and machinery were deemed new, purchased before amalgamation. Regarding the disallowance under Section 14A, the ITAT affirmed the restriction to Rs. 2,00,000 for administrative expenses, noting the availability of interest-free funds. The judgment was pronounced on 27-03-2019. en-us Wed, 27 Mar 2019 00:00:00 +0530 Sat, 18 Sep 2021 08:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297693 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decisions. The disallowance of deduction under Section 80IA was rejected as the plant and machinery were deemed new, purchased before amalgamation. Regarding the disallowance under Section 14A, the ITAT affirmed the restriction to Rs. 2,00,000 for administrative expenses, noting the availability of interest-free funds. The judgment was pronounced on 27-03-2019. Case-Laws Income Tax Wed, 27 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297693