https://www.taxtmi.com/caselaws?id=417073 The ITAT partly allowed Appeal ITA No. 608/Hyd/2020, dismissed Appeal ITA No. 609/Hyd/2020, and dismissed Appeals ITA Nos. 635 & 636/Hyd/2020. The disallowance of claim under Section 80IA was upheld, except for the addition towards inflated expenditure by way of sub-contract payments, which was allowed for deduction under Section 80IA. The disallowance of interest expenditure under Section 14A was restricted to the extent of dividend received by the assessee. The eligibility of MAT credit for deduction under Section 80IA was denied, in line with the decision in Liberty India vs. CIT. en-us Tue, 11 Jan 2022 00:00:00 +0530 Fri, 14 Jan 2022 08:39:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417073 The ITAT partly allowed Appeal ITA No. 608/Hyd/2020, dismissed Appeal ITA No. 609/Hyd/2020, and dismissed Appeals ITA Nos. 635 & 636/Hyd/2020. The disallowance of claim under Section 80IA was upheld, except for the addition towards inflated expenditure by way of sub-contract payments, which was allowed for deduction under Section 80IA. The disallowance of interest expenditure under Section 14A was restricted to the extent of dividend received by the assessee. The eligibility of MAT credit for deduction under Section 80IA was denied, in line with the decision in Liberty India vs. CIT. Case-Laws Income Tax Tue, 11 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417073