https://www.taxtmi.com/caselaws?id=127076 The Tribunal dismissed several grounds in favor of the assessee, including disallowance u/r 6B of I.T. Rules, deduction for proportionate premium on debentures, and calculation of depreciation on assets with central subsidy. The issue of deduction u/s 32AB on interest income was remanded to the Assessing Officer for re-examination. The deletion of addition due to concessional interest rate on advances to a subsidiary was upheld, emphasizing business expediency. The Tribunal also dismissed the ground regarding deduction u/s 80HHD for services to foreign tourists, affirming that business trips are included. The appeal by the Revenue was partially allowed. en-us Thu, 17 Jun 2004 00:00:00 +0530 Mon, 17 Jun 2024 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127076 The Tribunal dismissed several grounds in favor of the assessee, including disallowance u/r 6B of I.T. Rules, deduction for proportionate premium on debentures, and calculation of depreciation on assets with central subsidy. The issue of deduction u/s 32AB on interest income was remanded to the Assessing Officer for re-examination. The deletion of addition due to concessional interest rate on advances to a subsidiary was upheld, emphasizing business expediency. The Tribunal also dismissed the ground regarding deduction u/s 80HHD for services to foreign tourists, affirming that business trips are included. The appeal by the Revenue was partially allowed. Case-Laws Income Tax Thu, 17 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127076