https://www.taxtmi.com/caselaws?id=761873 The ITAT Ahmedabad dismissed the assessee's appeal regarding deduction u/s 80IB/80IE on interest from staff advances and bank deposits, following coordinate bench precedents. The tribunal confirmed disallowance of stamp duty charges as capital expenditure and dismissed claims for long-term capital loss not filed in original/revised returns per Section 139(3). However, it allowed deduction u/s 80IE for Sikkim unit based on earlier year's eligibility and directed verification of interest-free funds for Section 14A disallowance. The tribunal upheld CIT(A)'s deletion of additions regarding consultancy charges, software expenses, and wealth tax addition to book profits, while confirming ESIC contribution disallowance per Supreme Court precedent. en-us Wed, 09 Oct 2024 00:00:00 +0530 Mon, 18 Nov 2024 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761873 The ITAT Ahmedabad dismissed the assessee's appeal regarding deduction u/s 80IB/80IE on interest from staff advances and bank deposits, following coordinate bench precedents. The tribunal confirmed disallowance of stamp duty charges as capital expenditure and dismissed claims for long-term capital loss not filed in original/revised returns per Section 139(3). However, it allowed deduction u/s 80IE for Sikkim unit based on earlier year's eligibility and directed verification of interest-free funds for Section 14A disallowance. The tribunal upheld CIT(A)'s deletion of additions regarding consultancy charges, software expenses, and wealth tax addition to book profits, while confirming ESIC contribution disallowance per Supreme Court precedent. Case-Laws Income Tax Wed, 09 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761873