https://www.taxtmi.com/caselaws?id=772038 ITAT Delhi upheld CIT(A)'s decision allowing technical know-how fees as legitimate business expense, noting both parties fell within same tax bracket with no additional benefit. AO's disallowance lacked specific discrepancies and contradicted previous years' acceptance, violating consistency principle. Power and fuel expenses disallowance was also deleted as AO failed to establish captive power plant didn't generate power for manufacturing. Regarding section 14A disallowance, ITAT confirmed only investments yielding exempt income should be considered per Delhi HC precedents, not total investments. Revenue's appeals were dismissed on all grounds. en-us Fri, 30 May 2025 00:00:00 +0530 Tue, 03 Jun 2025 08:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772038 ITAT Delhi upheld CIT(A)'s decision allowing technical know-how fees as legitimate business expense, noting both parties fell within same tax bracket with no additional benefit. AO's disallowance lacked specific discrepancies and contradicted previous years' acceptance, violating consistency principle. Power and fuel expenses disallowance was also deleted as AO failed to establish captive power plant didn't generate power for manufacturing. Regarding section 14A disallowance, ITAT confirmed only investments yielding exempt income should be considered per Delhi HC precedents, not total investments. Revenue's appeals were dismissed on all grounds. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772038