https://www.taxtmi.com/caselaws?id=423005 The Tribunal upheld the CIT(A)'s decisions on various issues, including the deletion of penalties under Section 271(1)(c), allowance of additional depreciation on power generating equipment, taxability of income tax recoverable from SEBs, addition on account of pre-commissioning sales, disallowance under Section 14A, downward revision of sales, deduction under Section 80IA, disallowance of expenses on assets not owned by the assessee, and amortization of premium paid on purchase of securities. The Tribunal emphasized judicial consistency and proper examination of evidence, dismissing the Revenue's appeals and favoring the assessee. en-us Wed, 04 May 2022 00:00:00 +0530 Thu, 26 May 2022 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423005 The Tribunal upheld the CIT(A)'s decisions on various issues, including the deletion of penalties under Section 271(1)(c), allowance of additional depreciation on power generating equipment, taxability of income tax recoverable from SEBs, addition on account of pre-commissioning sales, disallowance under Section 14A, downward revision of sales, deduction under Section 80IA, disallowance of expenses on assets not owned by the assessee, and amortization of premium paid on purchase of securities. The Tribunal emphasized judicial consistency and proper examination of evidence, dismissing the Revenue's appeals and favoring the assessee. Case-Laws Income Tax Wed, 04 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423005