https://www.taxtmi.com/caselaws?id=122761 The Tribunal partly allowed both appeals, remitting several issues back to the AO for further examination or recomputation based on previous ITAT decisions and higher court judgments. Key outcomes include the allowance of FCCB issue expenses and payments to MSEB as revenue expenditure, and confirmation of allowances for provisions for warranties and anticipated labor liabilities. The Tribunal directed the exclusion of sales tax and excise duty from total turnover for section 80HHC deductions, in line with SC rulings. Other matters were remitted for reconsideration consistent with prior case outcomes. en-us Thu, 29 Oct 2009 00:00:00 +0530 Mon, 27 Nov 2023 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122761 The Tribunal partly allowed both appeals, remitting several issues back to the AO for further examination or recomputation based on previous ITAT decisions and higher court judgments. Key outcomes include the allowance of FCCB issue expenses and payments to MSEB as revenue expenditure, and confirmation of allowances for provisions for warranties and anticipated labor liabilities. The Tribunal directed the exclusion of sales tax and excise duty from total turnover for section 80HHC deductions, in line with SC rulings. Other matters were remitted for reconsideration consistent with prior case outcomes. Case-Laws Income Tax Thu, 29 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122761