https://www.taxtmi.com/caselaws?id=206075 The Tribunal allowed the Revenue's appeals regarding the disallowance of expenditure on MRF Pace Foundation for all assessment years. The Tribunal upheld the CIT(A)'s decision to delete the addition of interest under Section 234D. The Tribunal validated the reopening of the assessment for the year 2002-03. The Tribunal did not allow the inclusion of DEPB credit entitlement while computing deduction under Section 80HHC. The Tribunal upheld the withdrawal of benefits under Section 80IA for the assessee. The appeal of the Revenue for the assessment year 2002-03 is partly allowed. The appeals of the Revenue for the assessment years 2004-05, 2006-07, and 2007-08 are allowed. All the appeals of the assessee for the assessment years 2002-03, 2004-05, 2006-07, and 2007-08 are dismissed. en-us Fri, 11 Mar 2011 00:00:00 +0530 Mon, 10 Oct 2011 16:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206075 The Tribunal allowed the Revenue's appeals regarding the disallowance of expenditure on MRF Pace Foundation for all assessment years. The Tribunal upheld the CIT(A)'s decision to delete the addition of interest under Section 234D. The Tribunal validated the reopening of the assessment for the year 2002-03. The Tribunal did not allow the inclusion of DEPB credit entitlement while computing deduction under Section 80HHC. The Tribunal upheld the withdrawal of benefits under Section 80IA for the assessee. The appeal of the Revenue for the assessment year 2002-03 is partly allowed. The appeals of the Revenue for the assessment years 2004-05, 2006-07, and 2007-08 are allowed. All the appeals of the assessee for the assessment years 2002-03, 2004-05, 2006-07, and 2007-08 are dismissed. Case-Laws Income Tax Fri, 11 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206075