https://www.taxtmi.com/caselaws?id=420976 The ITAT dismissed the Revenue's appeals and partly allowed the assessee's cross objections. The decisions were based on detailed analysis, holding that replacement of parts in machinery qualifies as revenue expenditure, allowing the additional claim under Section 80IA, deleting disallowance under Section 14A, granting 10% depreciation on a building used for dual purposes, allowing contributions with proper documentation, and directing disallowance under Section 43B to be allowed in the subsequent assessment year upon payment. en-us Mon, 28 Feb 2022 00:00:00 +0530 Thu, 14 Apr 2022 21:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420976 The ITAT dismissed the Revenue's appeals and partly allowed the assessee's cross objections. The decisions were based on detailed analysis, holding that replacement of parts in machinery qualifies as revenue expenditure, allowing the additional claim under Section 80IA, deleting disallowance under Section 14A, granting 10% depreciation on a building used for dual purposes, allowing contributions with proper documentation, and directing disallowance under Section 43B to be allowed in the subsequent assessment year upon payment. Case-Laws Income Tax Mon, 28 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420976