https://www.taxtmi.com/caselaws?id=122398 The Tribunal allowed the assessee's appeal in part, dismissing the Revenue's appeal. The reduction of profits for deduction under section 80-IA due to notional rebate and interest was disallowed, as no evidence supported the claim. However, the deduction on interest income from bank deposits and DEPB credit was rejected, following court precedents. The disallowance of foreign travel expenses for a non-doctor spouse was overturned, and the exclusion of excise duty and sales tax from total turnover for deduction under section 80HHC was upheld. The deduction under section 80-IA on interest income from customers for late payment was also allowed. en-us Wed, 31 Mar 2010 00:00:00 +0530 Tue, 11 Jun 2013 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122398 The Tribunal allowed the assessee's appeal in part, dismissing the Revenue's appeal. The reduction of profits for deduction under section 80-IA due to notional rebate and interest was disallowed, as no evidence supported the claim. However, the deduction on interest income from bank deposits and DEPB credit was rejected, following court precedents. The disallowance of foreign travel expenses for a non-doctor spouse was overturned, and the exclusion of excise duty and sales tax from total turnover for deduction under section 80HHC was upheld. The deduction under section 80-IA on interest income from customers for late payment was also allowed. Case-Laws Income Tax Wed, 31 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122398