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    <title>2012 (8) TMI 281 - ITAT MUMBAI</title>
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    <description>The Tribunal dismissed the Revenue&#039;s appeal and partly allowed the assessee&#039;s cross objection, granting relief on various issues including disallowances under sections 14A and 43B, treatment of foreign travel expenses, adjustment of relief under sections 80-IA/80-IB, netting of interest receipts for deduction under section 80HHC, exclusion of excise duty from &#039;total turnover,&#039; treatment of profit on sale of DEPB license, reduction of export incentives, export profits for MAT under section 115JB, inclusion of sale of scrap in &#039;total turnover,&#039; and credit for MAT paid by the amalgamating company.</description>
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    <pubDate>Fri, 03 Aug 2012 00:00:00 +0530</pubDate>
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      <title>2012 (8) TMI 281 - ITAT MUMBAI</title>
      <link>https://www.taxtmi.com/caselaws?id=215596</link>
      <description>The Tribunal dismissed the Revenue&#039;s appeal and partly allowed the assessee&#039;s cross objection, granting relief on various issues including disallowances under sections 14A and 43B, treatment of foreign travel expenses, adjustment of relief under sections 80-IA/80-IB, netting of interest receipts for deduction under section 80HHC, exclusion of excise duty from &#039;total turnover,&#039; treatment of profit on sale of DEPB license, reduction of export incentives, export profits for MAT under section 115JB, inclusion of sale of scrap in &#039;total turnover,&#039; and credit for MAT paid by the amalgamating company.</description>
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