https://www.taxtmi.com/caselaws?id=304760 ITAT Mumbai ruled in favor of the assessee on multiple issues. The tribunal allowed notional sales tax as capital receipt, upheld depreciation claims, and restricted section 14A disallowance to dividend-yielding investments only. MAT computation excluded section 14A disallowance per Bombay HC precedent. Deduction under section 80IB(9) was allowed for natural gas operations and profits not covered under section 10AA. Transfer pricing adjustments were deleted regarding interest on delayed receivables, support services, and corporate guarantee fees. CSR expenses were allowed as revenue expenditure, and section 10AA deduction was granted following Supreme Court's Vijay Industries decision. en-us Tue, 08 Mar 2022 00:00:00 +0530 Wed, 11 Jun 2025 18:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304760 ITAT Mumbai ruled in favor of the assessee on multiple issues. The tribunal allowed notional sales tax as capital receipt, upheld depreciation claims, and restricted section 14A disallowance to dividend-yielding investments only. MAT computation excluded section 14A disallowance per Bombay HC precedent. Deduction under section 80IB(9) was allowed for natural gas operations and profits not covered under section 10AA. Transfer pricing adjustments were deleted regarding interest on delayed receivables, support services, and corporate guarantee fees. CSR expenses were allowed as revenue expenditure, and section 10AA deduction was granted following Supreme Court's Vijay Industries decision. Case-Laws Income Tax Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304760