https://www.taxtmi.com/caselaws?id=151724 The Tribunal allowed the appeal regarding the addition under Section 68, finding sufficient evidence provided by the assessee. It remanded the issue of excluding sales-tax and excise duty from indirect costs under Section 80HHC for further consideration. The Tribunal allowed the deduction for R&D expenses under Section 35(2AB) and remanded the treatment of DEPB incentives under Section 28(iib) for reevaluation. It upheld the exclusion of excise duty and sales-tax from total turnover for Section 80HHC deductions. The Tribunal affirmed the deletion of interest payment additions, finding adequate cash profits and interest-free funds. Appeals were partly allowed for statistical purposes, with some issues remanded. en-us Fri, 22 Dec 2006 00:00:00 +0530 Wed, 18 Dec 2024 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151724 The Tribunal allowed the appeal regarding the addition under Section 68, finding sufficient evidence provided by the assessee. It remanded the issue of excluding sales-tax and excise duty from indirect costs under Section 80HHC for further consideration. The Tribunal allowed the deduction for R&D expenses under Section 35(2AB) and remanded the treatment of DEPB incentives under Section 28(iib) for reevaluation. It upheld the exclusion of excise duty and sales-tax from total turnover for Section 80HHC deductions. The Tribunal affirmed the deletion of interest payment additions, finding adequate cash profits and interest-free funds. Appeals were partly allowed for statistical purposes, with some issues remanded. Case-Laws Income Tax Fri, 22 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151724