https://www.taxtmi.com/caselaws?id=463979 ITAT Mumbai partially allowed the appeal. The section 14A disallowance was restricted to the assessee's suo-moto computation (Rs.1,17,42,084) and the corresponding adjustment to book profits under section 115JB deleted. Deductions under section 80IA were upheld without allocation of head-office expenses or denial for CENVAT credit; corporate advertisement and lease equalization charges were allowed as revenue expenditure. Interest on unpaid electricity tax was treated as compensatory (section 43B not applicable). Transfer-pricing addition for guarantee fees was sustained at the CIT(A)'s restricted ALP; several recurring additions (section 40(a)(ia), CENVAT in stock, leave provisions) were deleted. Treatment of certain incentives was remitted to AO for fresh factual examination. en-us Mon, 01 Jul 2024 00:00:00 +0530 Thu, 25 Sep 2025 13:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463979 ITAT Mumbai partially allowed the appeal. The section 14A disallowance was restricted to the assessee's suo-moto computation (Rs.1,17,42,084) and the corresponding adjustment to book profits under section 115JB deleted. Deductions under section 80IA were upheld without allocation of head-office expenses or denial for CENVAT credit; corporate advertisement and lease equalization charges were allowed as revenue expenditure. Interest on unpaid electricity tax was treated as compensatory (section 43B not applicable). Transfer-pricing addition for guarantee fees was sustained at the CIT(A)'s restricted ALP; several recurring additions (section 40(a)(ia), CENVAT in stock, leave provisions) were deleted. Treatment of certain incentives was remitted to AO for fresh factual examination. Case-Laws Income Tax Mon, 01 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463979