https://www.taxtmi.com/caselaws?id=118617 The Tribunal partially allowed the appeal, determining that the amount received for the sale of design, development, and manufacturing technology qualifies for deduction under section 80HHC. It ruled that the assessee can claim deductions under both sections 80HHC and 80-IB, as long as the total does not exceed the profits included in the gross total income. Additionally, the Tribunal concluded that the profit from the sale of the DEPB licence should not be excluded under clause (baa) of Explanation to section 80HHC. The revenue's cross-objection was dismissed. en-us Fri, 18 Nov 2005 00:00:00 +0530 Fri, 12 Apr 2024 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118617 The Tribunal partially allowed the appeal, determining that the amount received for the sale of design, development, and manufacturing technology qualifies for deduction under section 80HHC. It ruled that the assessee can claim deductions under both sections 80HHC and 80-IB, as long as the total does not exceed the profits included in the gross total income. Additionally, the Tribunal concluded that the profit from the sale of the DEPB licence should not be excluded under clause (baa) of Explanation to section 80HHC. The revenue's cross-objection was dismissed. Case-Laws Income Tax Fri, 18 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118617