https://www.taxtmi.com/caselaws?id=63325 The Tribunal partly allowed the appeal, directing the AO to recompute deductions under Sections 80-IB and 80HHC. It ruled that the sale of spares and components should be included for Section 80-IB deductions. Scrap sales and warranty claims were excluded from total turnover for Section 80HHC deductions. The Tribunal upheld the exclusion of interest income but ruled that the provision written back should not be excluded from business profits. The interest under Section 234B was to be computed as per law, following the Tribunal's order. en-us Fri, 22 Feb 2008 00:00:00 +0530 Thu, 21 Dec 2023 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63325 The Tribunal partly allowed the appeal, directing the AO to recompute deductions under Sections 80-IB and 80HHC. It ruled that the sale of spares and components should be included for Section 80-IB deductions. Scrap sales and warranty claims were excluded from total turnover for Section 80HHC deductions. The Tribunal upheld the exclusion of interest income but ruled that the provision written back should not be excluded from business profits. The interest under Section 234B was to be computed as per law, following the Tribunal's order. Case-Laws Income Tax Fri, 22 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63325