https://www.taxtmi.com/caselaws?id=62299 The appeal by the assessee was partly allowed, with several issues remitted back to the Assessing Officer for further verification and reassessment. The Tribunal directed the AO to reexamine the disallowance under Section 40A(2) regarding processing charges, traveling expenses, depreciation on electrical fittings and borewell, treatment of interest on bank deposits, inclusion of processing charges in total turnover for Section 80HHC deduction, and deductions under Sections 80HH and 80-I for profits from industrial undertakings in backward areas. The decision aimed to ensure compliance with legal provisions and accurate computation of deductions and disallowances. en-us Mon, 18 Oct 1999 00:00:00 +0530 Wed, 19 Jan 2011 11:38:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62299 The appeal by the assessee was partly allowed, with several issues remitted back to the Assessing Officer for further verification and reassessment. The Tribunal directed the AO to reexamine the disallowance under Section 40A(2) regarding processing charges, traveling expenses, depreciation on electrical fittings and borewell, treatment of interest on bank deposits, inclusion of processing charges in total turnover for Section 80HHC deduction, and deductions under Sections 80HH and 80-I for profits from industrial undertakings in backward areas. The decision aimed to ensure compliance with legal provisions and accurate computation of deductions and disallowances. Case-Laws Income Tax Mon, 18 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62299