https://www.taxtmi.com/caselaws?id=70805 The Tribunal condoned a minor delay in filing appeals, allowing them to proceed. It quashed a rectification order passed under section 154 due to procedural irregularities, following the decision in Lakhanpal National Ltd. v. Dy. CIT. Deductions under sections 80HH and 80-I were allowed on gross total income after deducting interest and remuneration paid to partners, in line with the Income-tax Act's provisions. The Tribunal upheld the Assessing Officer's decision for one assessment year and set aside the CIT (Appeals) orders for others, emphasizing that such deductions should be computed post-deduction of partner payments. en-us Fri, 12 Oct 2001 00:00:00 +0530 Tue, 19 Apr 2011 13:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70805 The Tribunal condoned a minor delay in filing appeals, allowing them to proceed. It quashed a rectification order passed under section 154 due to procedural irregularities, following the decision in Lakhanpal National Ltd. v. Dy. CIT. Deductions under sections 80HH and 80-I were allowed on gross total income after deducting interest and remuneration paid to partners, in line with the Income-tax Act's provisions. The Tribunal upheld the Assessing Officer's decision for one assessment year and set aside the CIT (Appeals) orders for others, emphasizing that such deductions should be computed post-deduction of partner payments. Case-Laws Income Tax Fri, 12 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70805