CESTAT upholds tax liability, remands for further consideration of cum-tax benefit, section 80 waiver, partially allowing appeal.

The Appellate Tribunal CESTAT, New Delhi upheld the tax liability but remanded the case for further consideration of the appellant's claims for cum-tax benefit and waiver of penalty under section 80, partially allowing the appeal.

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The Appellate Tribunal CESTAT, New Delhi upheld the tax liability but remanded the case to the lower appellate authority to consider the appellant's claim for cum-tax benefit and waiver of penalty under section 80. The appeal was partly allowed for this purpose.

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