https://www.taxtmi.com/caselaws?id=444611 The Tribunal partly allowed the Assessee's appeal and partly allowed the Revenue's appeal. It upheld the CIT(A)'s decisions on several issues, including disallowance under Section 14A, deduction of investment allowance under Section 32AC, and taxability of Carbon Credit income. The Tribunal directed the AO to verify and compute disallowances and deductions, ensuring compliance with legal provisions. Grounds related to illegal mining expenses were dismissed as not pressed. The Tribunal confirmed deductions for the Railway Siding Unit under Section 80IA(4) and disallowed common expenses allocation, supporting CIT(A)'s order. en-us Tue, 27 Jun 2023 00:00:00 +0530 Wed, 18 Oct 2023 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444611 The Tribunal partly allowed the Assessee's appeal and partly allowed the Revenue's appeal. It upheld the CIT(A)'s decisions on several issues, including disallowance under Section 14A, deduction of investment allowance under Section 32AC, and taxability of Carbon Credit income. The Tribunal directed the AO to verify and compute disallowances and deductions, ensuring compliance with legal provisions. Grounds related to illegal mining expenses were dismissed as not pressed. The Tribunal confirmed deductions for the Railway Siding Unit under Section 80IA(4) and disallowed common expenses allocation, supporting CIT(A)'s order. Case-Laws Income Tax Tue, 27 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444611