https://www.taxtmi.com/caselaws?id=465303 ITAT partly allowed the assessee's appeal. On the issue of leasehold improvement expenditure, the Tribunal admitted additional evidence (final exit order of the leased premises) and set aside the order of CIT(A) on this specific ground, remanding the matter to the AO for fresh adjudication. On disallowance of deduction u/s 10AA based on allegedly excessive profit in the eligible unit, ITAT upheld CIT(A)'s deletion of the addition, holding that the AO had not established any arrangement to inflate profits. ITAT further confirmed CIT(A)'s direction that deduction u/s 10AA be computed without set-off of brought forward unabsorbed depreciation. en-us Tue, 24 Dec 2024 00:00:00 +0530 Sat, 13 Dec 2025 11:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465303 ITAT partly allowed the assessee's appeal. On the issue of leasehold improvement expenditure, the Tribunal admitted additional evidence (final exit order of the leased premises) and set aside the order of CIT(A) on this specific ground, remanding the matter to the AO for fresh adjudication. On disallowance of deduction u/s 10AA based on allegedly excessive profit in the eligible unit, ITAT upheld CIT(A)'s deletion of the addition, holding that the AO had not established any arrangement to inflate profits. ITAT further confirmed CIT(A)'s direction that deduction u/s 10AA be computed without set-off of brought forward unabsorbed depreciation. Case-Laws Income Tax Tue, 24 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465303