https://www.taxtmi.com/caselaws?id=305032 The Tribunal allowed the assessee's appeal partially by overturning the rejection of books of accounts under section 145(3) and additions related to unaccounted production and alleged capital employed. The disallowance of interest was upheld, but the assessee was granted enhanced deduction under section 80IB. Additionally, the Tribunal allowed the deduction under section 80IB on the enhanced income. The Tribunal also allowed the assessee's appeal regarding expenses of capital nature. On the other hand, the revenue's appeal was partly allowed concerning the disallowance under section 40(a)(ia) for not deducting TDS. en-us Mon, 26 Mar 2012 00:00:00 +0530 Fri, 11 Nov 2022 18:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305032 The Tribunal allowed the assessee's appeal partially by overturning the rejection of books of accounts under section 145(3) and additions related to unaccounted production and alleged capital employed. The disallowance of interest was upheld, but the assessee was granted enhanced deduction under section 80IB. Additionally, the Tribunal allowed the deduction under section 80IB on the enhanced income. The Tribunal also allowed the assessee's appeal regarding expenses of capital nature. On the other hand, the revenue's appeal was partly allowed concerning the disallowance under section 40(a)(ia) for not deducting TDS. Case-Laws Income Tax Mon, 26 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305032