https://www.taxtmi.com/caselaws?id=424232 The Tribunal ruled in favor of the assessee by deleting the disallowances made by the AO regarding ROC expenses and share valuation addition under section 56(2)(viib) r.w.r 11U/11UA. Additionally, the Tribunal upheld the appeal on the disallowance of additional depreciation claim on a DG set, finding the disallowance unjustified. The disallowance of interest-free loans and advances under section 36(1)(iii) was also ruled in favor of the assessee. Lastly, the appeal regarding the tax demand post-merger was dismissed as the NCLT-approved resolution plan extinguished the tax demand, making the appeal not maintainable. en-us Wed, 22 Jun 2022 00:00:00 +0530 Fri, 24 Jun 2022 08:44:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424232 The Tribunal ruled in favor of the assessee by deleting the disallowances made by the AO regarding ROC expenses and share valuation addition under section 56(2)(viib) r.w.r 11U/11UA. Additionally, the Tribunal upheld the appeal on the disallowance of additional depreciation claim on a DG set, finding the disallowance unjustified. The disallowance of interest-free loans and advances under section 36(1)(iii) was also ruled in favor of the assessee. Lastly, the appeal regarding the tax demand post-merger was dismissed as the NCLT-approved resolution plan extinguished the tax demand, making the appeal not maintainable. Case-Laws Income Tax Wed, 22 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424232