https://www.taxtmi.com/caselaws?id=772019 The ITAT Mumbai decided multiple issues in favor of the assessee. The tribunal allowed depreciation on property forming part of block assets, deleted additions for prepayment surplus and SAP ERP expenses disallowance, and permitted section 80IA deduction for rental income. Interest on income tax refund was held non-taxable, and provisions for doubtful debts were allowed. However, delayed provident fund contributions remained disallowed following SC precedent. Education cess was deemed non-deductible under section 40(a)(ii), while sales tax subsidy was treated as capital receipt. The tribunal consistently followed previous decisions in the assessee's favor on recurring issues. en-us Tue, 18 Feb 2025 00:00:00 +0530 Thu, 29 May 2025 17:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772019 The ITAT Mumbai decided multiple issues in favor of the assessee. The tribunal allowed depreciation on property forming part of block assets, deleted additions for prepayment surplus and SAP ERP expenses disallowance, and permitted section 80IA deduction for rental income. Interest on income tax refund was held non-taxable, and provisions for doubtful debts were allowed. However, delayed provident fund contributions remained disallowed following SC precedent. Education cess was deemed non-deductible under section 40(a)(ii), while sales tax subsidy was treated as capital receipt. The tribunal consistently followed previous decisions in the assessee's favor on recurring issues. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772019