https://www.taxtmi.com/caselaws?id=64958 The Tribunal allowed the assessee's appeal partly, holding that the entire profits of the Jammu branch qualify for the deduction under section 80HH due to the branch's location in a notified backward area. For the Yamuna Nagar branch, the assessee was entitled to the deduction on a reduced amount after adjustments for interest and depreciation, as calculated by the CIT. The Tribunal disagreed with the CIT's apportionment of interest to the Jammu branch and dismissed issues regarding the nature of payments to D.F.O., jurisdiction under section 263 of the IT Act, and depreciation claimed in the head office's books. en-us Mon, 19 Aug 1991 00:00:00 +0530 Fri, 11 Feb 2011 13:31:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64958 The Tribunal allowed the assessee's appeal partly, holding that the entire profits of the Jammu branch qualify for the deduction under section 80HH due to the branch's location in a notified backward area. For the Yamuna Nagar branch, the assessee was entitled to the deduction on a reduced amount after adjustments for interest and depreciation, as calculated by the CIT. The Tribunal disagreed with the CIT's apportionment of interest to the Jammu branch and dismissed issues regarding the nature of payments to D.F.O., jurisdiction under section 263 of the IT Act, and depreciation claimed in the head office's books. Case-Laws Income Tax Mon, 19 Aug 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64958