https://www.taxtmi.com/caselaws?id=214482 The Tribunal upheld the assessee's claim for deduction under section 10B for ten consecutive years, starting from assessment year 1994-95. It dismissed the Revenue's grounds on foreign exchange gains and job work receipts, allowing them under section 10B. The Tribunal upheld a 10% ad-hoc disallowance of manufacturing expenses due to insufficient evidence. Contributions to PF and ESIC made within the grace period were allowed. Interest on bank fixed deposits was treated as business income. Concurrent deductions under sections 10B and 80HHC were permitted, with the Tribunal providing detailed analysis and rulings on each issue. en-us Fri, 30 Sep 2011 00:00:00 +0530 Thu, 21 Apr 2016 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214482 The Tribunal upheld the assessee's claim for deduction under section 10B for ten consecutive years, starting from assessment year 1994-95. It dismissed the Revenue's grounds on foreign exchange gains and job work receipts, allowing them under section 10B. The Tribunal upheld a 10% ad-hoc disallowance of manufacturing expenses due to insufficient evidence. Contributions to PF and ESIC made within the grace period were allowed. Interest on bank fixed deposits was treated as business income. Concurrent deductions under sections 10B and 80HHC were permitted, with the Tribunal providing detailed analysis and rulings on each issue. Case-Laws Income Tax Fri, 30 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214482