https://www.taxtmi.com/caselaws?id=436308 The ITAT partly allowed both the assessee's and Revenue's appeals for statistical purposes, remanding several issues back to the AO for verification, including administrative expenditure under Rule 8D, expenditure for obtaining land on lease, and adjustment to book profit under Section 115JB. The Tribunal dismissed the cross objection filed by the assessee. The assessee's appeals regarding repairs and maintenance expenses, contribution to the Trust, and business expenditure for abandoned projects were allowed. The inclusion of interest on an income tax refund and deduction of wage revision on a payment basis were dismissed. The Revenue's appeal was partly allowed, with certain issues remanded for further adjudication. en-us Fri, 24 Mar 2023 00:00:00 +0530 Tue, 23 Apr 2024 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436308 The ITAT partly allowed both the assessee's and Revenue's appeals for statistical purposes, remanding several issues back to the AO for verification, including administrative expenditure under Rule 8D, expenditure for obtaining land on lease, and adjustment to book profit under Section 115JB. The Tribunal dismissed the cross objection filed by the assessee. The assessee's appeals regarding repairs and maintenance expenses, contribution to the Trust, and business expenditure for abandoned projects were allowed. The inclusion of interest on an income tax refund and deduction of wage revision on a payment basis were dismissed. The Revenue's appeal was partly allowed, with certain issues remanded for further adjudication. Case-Laws Income Tax Fri, 24 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436308