https://www.taxtmi.com/caselaws?id=778066 ITAT PUNE - AT directed recomputation of disallowance under s.14A read with Rule 8D, limiting it to the proportionate dividend income arising from the specific investments; disallowance of depreciation on luxury cars was rejected, holding personal use by family/directors does not warrant deduction denial; claim under s.80IA(4) was allowed, treating the taxpayer as a developer and entitled to the deduction consistent with earlier tribunal precedent, and the Revenue's challenge on the s.14A issue was permitted for statistical purposes. en-us Wed, 15 Jan 2025 00:00:00 +0530 Wed, 10 Sep 2025 08:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778066 ITAT PUNE - AT directed recomputation of disallowance under s.14A read with Rule 8D, limiting it to the proportionate dividend income arising from the specific investments; disallowance of depreciation on luxury cars was rejected, holding personal use by family/directors does not warrant deduction denial; claim under s.80IA(4) was allowed, treating the taxpayer as a developer and entitled to the deduction consistent with earlier tribunal precedent, and the Revenue's challenge on the s.14A issue was permitted for statistical purposes. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778066