https://www.taxtmi.com/caselaws?id=64607 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all three issues raised in the appeal. This included allowing depreciation on the adjusted value of machinery due to exchange rate fluctuations, computing benefits under section 80HHC without deducting unabsorbed investment allowance, and charging interest under section 234B only up to the date of determining income under section 143(1)(a). The Tribunal emphasized consistency with past decisions and the proper application of the Income Tax Act in rejecting the Revenue's challenges. en-us Fri, 02 Mar 2001 00:00:00 +0530 Tue, 22 Feb 2011 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64607 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on all three issues raised in the appeal. This included allowing depreciation on the adjusted value of machinery due to exchange rate fluctuations, computing benefits under section 80HHC without deducting unabsorbed investment allowance, and charging interest under section 234B only up to the date of determining income under section 143(1)(a). The Tribunal emphasized consistency with past decisions and the proper application of the Income Tax Act in rejecting the Revenue's challenges. Case-Laws Income Tax Fri, 02 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64607