https://www.taxtmi.com/caselaws?id=445643 ITAT Mumbai ruled on multiple tax issues for the assessee. Court allowed additional depreciation u/s 32(1)(iia) following coordinate bench precedent, deleted disallowance u/s 14A, and treated state subsidies, sales tax incentives, and royalty refunds as capital receipts excludable from taxable income. For transfer pricing, court upheld internal CUP method for electricity transactions and deleted technical services adjustments due to TPO's arbitrary estimation without proper benchmarking. Various provisions including gratuity, leave encashment, and wealth tax were excluded from book profit computation u/s 115JB, while excise duty exemptions were treated as capital receipts. en-us Fri, 30 Jun 2023 00:00:00 +0530 Sat, 11 Nov 2023 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445643 ITAT Mumbai ruled on multiple tax issues for the assessee. Court allowed additional depreciation u/s 32(1)(iia) following coordinate bench precedent, deleted disallowance u/s 14A, and treated state subsidies, sales tax incentives, and royalty refunds as capital receipts excludable from taxable income. For transfer pricing, court upheld internal CUP method for electricity transactions and deleted technical services adjustments due to TPO's arbitrary estimation without proper benchmarking. Various provisions including gratuity, leave encashment, and wealth tax were excluded from book profit computation u/s 115JB, while excise duty exemptions were treated as capital receipts. Case-Laws Income Tax Fri, 30 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445643