https://www.taxtmi.com/caselaws?id=464249 ITAT allowed the challenge to the disallowance under section 14A read with rule 8D and its addition to book profits under section 115JB, following a prior Tribunal view. Grounds under section 80IA raised first before the Tribunal were remitted to the AO for adjudication after affording the assessee an opportunity of hearing. Deductions under section 35(2AB), depreciation for foreign exchange loss, and additional depreciation under section 32(1)(iia) were allowed. en-us Wed, 30 Mar 2022 00:00:00 +0530 Tue, 14 Oct 2025 19:08:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464249 ITAT allowed the challenge to the disallowance under section 14A read with rule 8D and its addition to book profits under section 115JB, following a prior Tribunal view. Grounds under section 80IA raised first before the Tribunal were remitted to the AO for adjudication after affording the assessee an opportunity of hearing. Deductions under section 35(2AB), depreciation for foreign exchange loss, and additional depreciation under section 32(1)(iia) were allowed. Case-Laws Income Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464249