https://www.taxtmi.com/caselaws?id=65366 The Tribunal dismissed the appeals filed by the Revenue, affirming the decisions of the CIT(A) on all three issues raised in the case. The first issue challenging the admission of the appeal despite non-payment of entire tax was dismissed as it did not arise from the CIT(A)'s order. The deletion of addition for damaged stock written off was upheld due to the insignificance of the damage volume and availability of evidence. Lastly, the deduction under ss. 80HH and 80-I on interest income was allowed, following the requirement of a direct nexus with industrial activities as per a recent apex Court judgment. en-us Mon, 14 Jul 2003 00:00:00 +0530 Tue, 15 Feb 2011 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65366 The Tribunal dismissed the appeals filed by the Revenue, affirming the decisions of the CIT(A) on all three issues raised in the case. The first issue challenging the admission of the appeal despite non-payment of entire tax was dismissed as it did not arise from the CIT(A)'s order. The deletion of addition for damaged stock written off was upheld due to the insignificance of the damage volume and availability of evidence. Lastly, the deduction under ss. 80HH and 80-I on interest income was allowed, following the requirement of a direct nexus with industrial activities as per a recent apex Court judgment. Case-Laws Income Tax Mon, 14 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65366