TMI Blog2017 (10) TMI 1636X X X X Extracts X X X X X X X X Extracts X X X X ..... de rule 8D(2)(ii) and sustaining the addition under rule 8D(2)(iii) - granting additional depreciation under clause (iia) read with clause (ii) of section 32(1) - Addition of `Depletion in excess of the rates specified in Schedule XIV of the Companies Act, 1956, deleted in the computation of `book profit u/s 115JB - remitting the matter of TPA from the international transaction of payment for in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . As regards interest u/s 234C, we direct that the same be computed with reference to the returned income and not the assessed income. Appeal is allowed for statistical purposes. - SHRI R.S. SYAL, VICE PRESIDENT AND SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER For the Assessee : Shri Ajay Vohra, Sr. Advocate, Shri Ravi Sharma, Advocate Shri Piyush Ahuja, CA, For the Department : ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the earlier year be followed here. 3. We have passed a separate order today for the AY 2011-12 -deleting the addition made u/s 14A in the computation of book profit u/s 115JB of the Act. -upholding disallowance under section 14A partly in the computation of income under the normal provisions by deleting the addition made rule 8D(2)(ii) and sustaining the addition under rule 8D(2)(iii ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ubmissions, we set aside the impugned order and remit the matter to the file of Assessing Officer/TPO for deciding the issues raised in the grounds taken for the instant year in conformity with the view taken by the Tribunal in its order for assessment year 2011-12, as has been briefly set out above. 5. In addition to the grounds which are common for both the years, the assessee has raised fres ..... X X X X Extracts X X X X X X X X Extracts X X X X
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