https://www.taxtmi.com/caselaws?id=117475 The Tribunal partly allowed both appeals, upholding certain grounds while rejecting others. The disallowance of expenditure on the construction of school premises under section 40A(9) was deemed not applicable. Benefits under section 80HHC for sales to international airlines and foreign flag vessels were denied. The denial of interest under section 215/139(8) was rejected. The issue of disallowance of sales tax under section 43B was remanded for further verification. Guest house expenses were disallowed, while entertainment expenses were not. Deductions under sections 80HH and 80-I for profits of pipelines were adjusted. Deductions under section 32AB for various incomes were allowed. Deduction under section 80HHC for export of petroleum products was disallowed. Miscellaneous expenses were withdrawn, and disallowances under sections 40A(5) and on depreciation were rejected. en-us Thu, 23 Jun 2005 00:00:00 +0530 Fri, 22 Jun 2012 18:17:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117475 The Tribunal partly allowed both appeals, upholding certain grounds while rejecting others. The disallowance of expenditure on the construction of school premises under section 40A(9) was deemed not applicable. Benefits under section 80HHC for sales to international airlines and foreign flag vessels were denied. The denial of interest under section 215/139(8) was rejected. The issue of disallowance of sales tax under section 43B was remanded for further verification. Guest house expenses were disallowed, while entertainment expenses were not. Deductions under sections 80HH and 80-I for profits of pipelines were adjusted. Deductions under section 32AB for various incomes were allowed. Deduction under section 80HHC for export of petroleum products was disallowed. Miscellaneous expenses were withdrawn, and disallowances under sections 40A(5) and on depreciation were rejected. Case-Laws Income Tax Thu, 23 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117475