https://www.taxtmi.com/caselaws?id=422689 The Tribunal upheld the deletion of disallowances under Sections 80IA(8) and 115JB of the Income-Tax Act, citing consistent favorable precedents. It reversed the disallowance of additional depreciation under Section 32(1)(iia) due to power generation qualifying as manufacturing. The issue of enhancing depreciation rate for railway sidings was remanded back to the AO for reconsideration. The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal for statistical purposes. en-us Wed, 18 May 2022 00:00:00 +0530 Thu, 19 May 2022 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422689 The Tribunal upheld the deletion of disallowances under Sections 80IA(8) and 115JB of the Income-Tax Act, citing consistent favorable precedents. It reversed the disallowance of additional depreciation under Section 32(1)(iia) due to power generation qualifying as manufacturing. The issue of enhancing depreciation rate for railway sidings was remanded back to the AO for reconsideration. The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal for statistical purposes. Case-Laws Income Tax Wed, 18 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422689