https://www.taxtmi.com/caselaws?id=464828 ITAT MUMBAI upheld most of the CIT(A)'s findings: the assessee was eligible for deduction under s.10AA due to value-addition via customization and prior years' consistent allowances, disallowance of sales-tax-related interest was dismissed, and annual credit-rating fees were held revenue expenditure. Rental claim for delayed debit note was allowed in the year paid. The AO was directed to limit any s.14A/Rule 8D disallowance to the amount of exempt income. Claim of 50% depreciation on the motor vehicle was denied for lack of proof it was a commercial vehicle. Ad hoc additions without cogent reasons were disallowed. en-us Fri, 08 Feb 2019 00:00:00 +0530 Mon, 17 Nov 2025 20:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464828 ITAT MUMBAI upheld most of the CIT(A)'s findings: the assessee was eligible for deduction under s.10AA due to value-addition via customization and prior years' consistent allowances, disallowance of sales-tax-related interest was dismissed, and annual credit-rating fees were held revenue expenditure. Rental claim for delayed debit note was allowed in the year paid. The AO was directed to limit any s.14A/Rule 8D disallowance to the amount of exempt income. Claim of 50% depreciation on the motor vehicle was denied for lack of proof it was a commercial vehicle. Ad hoc additions without cogent reasons were disallowed. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464828