https://www.taxtmi.com/caselaws?id=305985 The Tribunal upheld the CIT(A)'s decision to allow the loss incurred due to fire, deductions under Section 80IA for gas turbine units, and disallowance of club expenses. However, it confirmed the disallowance of deductions under Section 35(2AB) and remitted the issue of deduction under Section 35D for fresh consideration. The Tribunal dismissed the Revenue's appeal on transfer pricing adjustments and quashed assessment orders passed without draft assessment orders. The Tribunal partly allowed the assessee's appeal and the Revenue's appeal for statistical purposes, while allowing the Cross Objections. en-us Thu, 21 Mar 2019 00:00:00 +0530 Tue, 03 Jan 2023 21:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305985 The Tribunal upheld the CIT(A)'s decision to allow the loss incurred due to fire, deductions under Section 80IA for gas turbine units, and disallowance of club expenses. However, it confirmed the disallowance of deductions under Section 35(2AB) and remitted the issue of deduction under Section 35D for fresh consideration. The Tribunal dismissed the Revenue's appeal on transfer pricing adjustments and quashed assessment orders passed without draft assessment orders. The Tribunal partly allowed the assessee's appeal and the Revenue's appeal for statistical purposes, while allowing the Cross Objections. Case-Laws Income Tax Thu, 21 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305985