https://www.taxtmi.com/caselaws?id=307484 The Tribunal upheld the CIT(A)'s decision to allow the write-off of advances as a business loss, finding them to be made in the normal course of business and irrecoverable. For the deduction under Section 80IA, the Tribunal partially allowed the claim, excluding certain incomes not directly related to the activity. Regarding prior period expenses, the Tribunal upheld the crystallization of liabilities within the year. The issue of disallowance of lease premium was remanded for fresh adjudication. Under Section 14A read with Rule 8D, the Tribunal directed the AO to exclude certain investments for disallowance. Appeals for the years 2010-11 and 2011-12 were partly allowed for statistical purposes. en-us Wed, 05 Sep 2018 00:00:00 +0530 Mon, 17 Apr 2023 21:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307484 The Tribunal upheld the CIT(A)'s decision to allow the write-off of advances as a business loss, finding them to be made in the normal course of business and irrecoverable. For the deduction under Section 80IA, the Tribunal partially allowed the claim, excluding certain incomes not directly related to the activity. Regarding prior period expenses, the Tribunal upheld the crystallization of liabilities within the year. The issue of disallowance of lease premium was remanded for fresh adjudication. Under Section 14A read with Rule 8D, the Tribunal directed the AO to exclude certain investments for disallowance. Appeals for the years 2010-11 and 2011-12 were partly allowed for statistical purposes. Case-Laws Income Tax Wed, 05 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307484