https://www.taxtmi.com/caselaws?id=777420 ITAT upheld CIT(A)'s deletion of the section 14A disallowance, finding no exempt income in the year and thus no 14A disallowance was warranted; the tribunal also held that such a disallowance cannot be imported into book profit under section 115JB, dismissing Revenue's ground. On depreciation, ITAT confirmed CIT(A)'s deletion of the AO's disallowance for windmill assets acquired in a slump sale, applying the principle that depreciation once allowed on initial acquisition cannot be disturbed absent change in facts or law. en-us Tue, 26 Aug 2025 00:00:00 +0530 Fri, 29 Aug 2025 08:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777420 ITAT upheld CIT(A)'s deletion of the section 14A disallowance, finding no exempt income in the year and thus no 14A disallowance was warranted; the tribunal also held that such a disallowance cannot be imported into book profit under section 115JB, dismissing Revenue's ground. On depreciation, ITAT confirmed CIT(A)'s deletion of the AO's disallowance for windmill assets acquired in a slump sale, applying the principle that depreciation once allowed on initial acquisition cannot be disturbed absent change in facts or law. Case-Laws Income Tax Tue, 26 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777420