https://www.taxtmi.com/caselaws?id=119382 The Tribunal partly allowed the assessee's appeals for statistical purposes and dismissed the revenue's appeal. The Tribunal remanded certain matters to the Assessing Officer for re-adjudication and recomputation, specifically regarding the computation of deductions under section 33AC and section 80-IA/80-IB, ensuring compliance with statutory provisions and judicial precedents. The disallowance of the claim under section 35D was upheld, confirming that the operation of ships does not qualify as an industrial undertaking. The Tribunal also upheld the CIT(A)'s decision to allow commission and depreciation claims, dismissing the revenue's objections. en-us Mon, 25 Jun 2007 00:00:00 +0530 Wed, 17 Jan 2024 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119382 The Tribunal partly allowed the assessee's appeals for statistical purposes and dismissed the revenue's appeal. The Tribunal remanded certain matters to the Assessing Officer for re-adjudication and recomputation, specifically regarding the computation of deductions under section 33AC and section 80-IA/80-IB, ensuring compliance with statutory provisions and judicial precedents. The disallowance of the claim under section 35D was upheld, confirming that the operation of ships does not qualify as an industrial undertaking. The Tribunal also upheld the CIT(A)'s decision to allow commission and depreciation claims, dismissing the revenue's objections. Case-Laws Income Tax Mon, 25 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119382