https://www.taxtmi.com/caselaws?id=462615 The Appellate Tribunal partially allowed revenue's appeals against CIT(A)'s orders. The Tribunal set aside CIT(A)'s deletion of legal expenses disallowance due to procedural violations under Rule 46A, requiring fresh adjudication. It upheld disallowance under section 40A(3) for Petro Card payments, treating them as cash payments. The Tribunal restored AO's ad hoc disallowance of business expenses, finding CIT(A) lacked material to justify interference. Issues regarding section 80IA deduction eligibility for rental income and depreciation claims under section 115JB were remanded for fresh consideration. The Tribunal upheld addition of interest expenses related to exempt income in book profit computation, emphasizing section 115JB's special provisions prevail over general provisions. en-us Fri, 11 Jan 2013 00:00:00 +0530 Fri, 04 Jul 2025 11:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462615 The Appellate Tribunal partially allowed revenue's appeals against CIT(A)'s orders. The Tribunal set aside CIT(A)'s deletion of legal expenses disallowance due to procedural violations under Rule 46A, requiring fresh adjudication. It upheld disallowance under section 40A(3) for Petro Card payments, treating them as cash payments. The Tribunal restored AO's ad hoc disallowance of business expenses, finding CIT(A) lacked material to justify interference. Issues regarding section 80IA deduction eligibility for rental income and depreciation claims under section 115JB were remanded for fresh consideration. The Tribunal upheld addition of interest expenses related to exempt income in book profit computation, emphasizing section 115JB's special provisions prevail over general provisions. Case-Laws Income Tax Fri, 11 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462615