https://www.taxtmi.com/caselaws?id=118592 The tribunal partly allowed both appeals, upholding the validity of reassessment under section 147. It directed the Assessing Officer to allow deductions under section 10B for certain agreements, correcting misinterpretations, while confirming denial for others. Interest under section 234D was deemed inapplicable, and section 234C interest was consequential. The tribunal directed expense allocation for dividend income as per the Delhi Bench's precedent. It also instructed the withdrawal of section 80HHE relief where section 10B was applicable. en-us Wed, 30 Nov 2005 00:00:00 +0530 Wed, 10 Apr 2024 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118592 The tribunal partly allowed both appeals, upholding the validity of reassessment under section 147. It directed the Assessing Officer to allow deductions under section 10B for certain agreements, correcting misinterpretations, while confirming denial for others. Interest under section 234D was deemed inapplicable, and section 234C interest was consequential. The tribunal directed expense allocation for dividend income as per the Delhi Bench's precedent. It also instructed the withdrawal of section 80HHE relief where section 10B was applicable. Case-Laws Income Tax Wed, 30 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118592