https://www.taxtmi.com/caselaws?id=757776 ITAT Delhi ruled in favor of the appellant on multiple issues. The tribunal deleted additions for notional income on designated returns, finding the appellant had already recovered project costs through tolls and other income. Revenue subsidy additions were deleted as land was leased, not transferred, so no ownership transfer occurred. Interest under section 43B was allowed on accrual basis for deep discount bonds as provisions apply only to financial institution loans. Capital subsidy set-off was denied following previous tribunal orders. The depreciation claim was remanded to CIT(A) for primary adjudication as it remained unadjudicated. en-us Wed, 21 Aug 2024 00:00:00 +0530 Sat, 31 Aug 2024 19:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757776 ITAT Delhi ruled in favor of the appellant on multiple issues. The tribunal deleted additions for notional income on designated returns, finding the appellant had already recovered project costs through tolls and other income. Revenue subsidy additions were deleted as land was leased, not transferred, so no ownership transfer occurred. Interest under section 43B was allowed on accrual basis for deep discount bonds as provisions apply only to financial institution loans. Capital subsidy set-off was denied following previous tribunal orders. The depreciation claim was remanded to CIT(A) for primary adjudication as it remained unadjudicated. Case-Laws Income Tax Wed, 21 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757776