https://www.taxtmi.com/caselaws?id=463966 ITAT MUMBAI remitted the s.14A disallowance to the AO for recomputation under r.8D(2)(iii) and deleted the corresponding s.115JB book-profit adjustment. The Tribunal upheld deletion/allowance of several assessments: s.80IA treatment (CENVAT credit not to vitiate eligible unit profits), corporate advertisement as revenue, lease equalization charges as allowable under AS-19, interest on electricity tax deductible under s.37 (not s.43B), and denial of reducing P&M cost by investment incentives. TP guarantee fee at 0.5% was sustained. Refund/DTAA relief for DDT/education cess was rejected. Multiple other issues (subsidies, provisions, ESOP, catalyst capitalization, goodwill depreciation, carbon-credit receipts, TUF interest subsidy) were either allowed or remitted to the AO for factual examination. en-us Thu, 28 Dec 2023 00:00:00 +0530 Mon, 22 Sep 2025 17:11:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463966 ITAT MUMBAI remitted the s.14A disallowance to the AO for recomputation under r.8D(2)(iii) and deleted the corresponding s.115JB book-profit adjustment. The Tribunal upheld deletion/allowance of several assessments: s.80IA treatment (CENVAT credit not to vitiate eligible unit profits), corporate advertisement as revenue, lease equalization charges as allowable under AS-19, interest on electricity tax deductible under s.37 (not s.43B), and denial of reducing P&M cost by investment incentives. TP guarantee fee at 0.5% was sustained. Refund/DTAA relief for DDT/education cess was rejected. Multiple other issues (subsidies, provisions, ESOP, catalyst capitalization, goodwill depreciation, carbon-credit receipts, TUF interest subsidy) were either allowed or remitted to the AO for factual examination. Case-Laws Income Tax Thu, 28 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463966