https://www.taxtmi.com/caselaws?id=461945 ITAT Delhi dismissed revenue's appeal on multiple grounds. Tribunal upheld assessee's deduction claim u/s 80IAB, revenue recognition under POCM, and capitalization of interest expenditure following precedent decisions. Court rejected additions on brokerage/commission, contingency deposits, overhead allocation to group entities, and u/s 14A r.w.r. 8D. Tribunal allowed notional rent on vacant properties, depreciation on building, and helicopter/aircraft expenses as business expenditure. Additions on carbon credits and windmill overhead allocation were deleted. Prior period expenses were permitted as deductible, with most issues decided consistently with assessee's favor in previous assessment years. en-us Wed, 19 Jul 2023 00:00:00 +0530 Tue, 06 May 2025 17:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461945 ITAT Delhi dismissed revenue's appeal on multiple grounds. Tribunal upheld assessee's deduction claim u/s 80IAB, revenue recognition under POCM, and capitalization of interest expenditure following precedent decisions. Court rejected additions on brokerage/commission, contingency deposits, overhead allocation to group entities, and u/s 14A r.w.r. 8D. Tribunal allowed notional rent on vacant properties, depreciation on building, and helicopter/aircraft expenses as business expenditure. Additions on carbon credits and windmill overhead allocation were deleted. Prior period expenses were permitted as deductible, with most issues decided consistently with assessee's favor in previous assessment years. Case-Laws Income Tax Wed, 19 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461945