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2015 (11) TMI 1844 - HC - Income TaxClosing stock estimation - value of scrap items lying on the shop floor at the end of relevant year - insurance premium paid at the time of purchase of car - provision for head office expenses - Mark to market loss in respect of outstanding option contracts - disallowance of deduction claimed under section 80IA in respect of profit derived from captive power generating unit, on the ground that profit of the said unit was to be computed by adopting the transfer price of power as the rate at which power was supplied by local State Electricity Board/ Haryana State Electricity Board (‘HSEB’) to the Dharuhera unit - disallowance of provision for advertisement expenses under section 40(a)(ia) of the Act for alleged failure to deduct tax at source - disallowance of expenditure incurred on account of rental charges paid towards cars taken on lease under section 40(a)(ia) on the ground that the appellant failed to deduct tax at source therefrom under section 194-I - Disallowance of expenditure incurred towards distribution of motor vehicles to winners of game shows organized by TV channels under section 40(a)(ia) on the ground that the appellant failed to deduct tax at source therefrom under section 194B - disallowance of aggregate expenditure incurred on account of (i) booking of banquet halls/space in hotel to convene various meetings/training courses andmeal expenses incurred at the time of such meetings/conferences room on the ground that appellant failed to deduct tax at source from such payments under section 194I/194C, invoking provisions of section 40(a)(ia) of the Act - disallowance made by the assessing officer under section 40(a)(ia) by holding that the appellant was liable to deduct tax at source from hire charges of generator used at the corporate office under section 1941 of the Act - disallowance of additional depreciation claimed under section 32(1)(iia) of the Act on computers installed at supervisory offices located in the compound of manufacturing plants located at Gurgaon and Dharuhera, on the ground that the appellant failed to prove with evidence that the aforesaid computers were installed at the said premises, without appreciating that the aforesaid fact was admitted and not disputed by the lower authorities - assets used for purposes of testing were used for scientific research and, therefore, entire cost thereof was eligible for deduction under section 35(1)(iv) of the Act - HELD THAT:- Questions are framed for determination - Learned counsel for the parties are permitted to file additional documents/papers which are part of the assessment record or were filed before the ITAT within eight weeks.
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