https://www.taxtmi.com/caselaws?id=151061 The Tribunal partially allowed the appeal of the assessee regarding the recomputation of deduction under section 80-IB for the assessment year 2003-04. The Tribunal directed the exclusion of interest income, royalty, and lease rent from the profits eligible for deduction under section 80-IB. The matter was remitted back to the Assessing Officer for verification of the nexus between interest earned and interest expended, allowing netting-off of interest income against interest expenditure. The decision was pronounced on August 10, 2010. en-us Tue, 10 Aug 2010 00:00:00 +0530 Tue, 28 May 2013 14:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151061 The Tribunal partially allowed the appeal of the assessee regarding the recomputation of deduction under section 80-IB for the assessment year 2003-04. The Tribunal directed the exclusion of interest income, royalty, and lease rent from the profits eligible for deduction under section 80-IB. The matter was remitted back to the Assessing Officer for verification of the nexus between interest earned and interest expended, allowing netting-off of interest income against interest expenditure. The decision was pronounced on August 10, 2010. Case-Laws Income Tax Tue, 10 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151061