https://www.taxtmi.com/caselaws?id=416709 The Tribunal upheld the validity of the assessment order, disallowed administrative expenses under section 14A, allowed depreciation on leasehold rights, permitted deductions under section 80IA for certain incomes, deemed penalty proceedings premature, partially agreed on book profit calculation under section 115JB, and directed verification of TDS credit. The Tribunal supported the assessee on leasehold payments and specific incomes under section 80IA, while affirming the exclusion of certain incomes for deduction and the treatment of administrative expenses under section 14A. Specific directions were given to ensure compliance with legal provisions. en-us Thu, 09 Dec 2021 00:00:00 +0530 Wed, 05 Jan 2022 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416709 The Tribunal upheld the validity of the assessment order, disallowed administrative expenses under section 14A, allowed depreciation on leasehold rights, permitted deductions under section 80IA for certain incomes, deemed penalty proceedings premature, partially agreed on book profit calculation under section 115JB, and directed verification of TDS credit. The Tribunal supported the assessee on leasehold payments and specific incomes under section 80IA, while affirming the exclusion of certain incomes for deduction and the treatment of administrative expenses under section 14A. Specific directions were given to ensure compliance with legal provisions. Case-Laws Income Tax Thu, 09 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416709