https://www.taxtmi.com/caselaws?id=216020 The ITAT upheld the CIT(A)'s decision allowing the assessee's claim for exemption under Section 10B, citing precedents establishing beta-cam tapes as goods. The ITAT remitted the computation of deduction under Section 80HHF back to the AO for proper calculation. The ITAT dismissed the Revenue's challenge on depreciation of office premises, following a prior favorable decision. However, the ITAT upheld the CIT(A)'s decision to include turnover of sponsored telecast business in computing deduction under Section 80HHF, emphasizing the prohibition on double deductions. The appeal outcomes were mixed, with both parties partly succeeding. en-us Wed, 16 May 2012 00:00:00 +0530 Tue, 21 Aug 2012 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216020 The ITAT upheld the CIT(A)'s decision allowing the assessee's claim for exemption under Section 10B, citing precedents establishing beta-cam tapes as goods. The ITAT remitted the computation of deduction under Section 80HHF back to the AO for proper calculation. The ITAT dismissed the Revenue's challenge on depreciation of office premises, following a prior favorable decision. However, the ITAT upheld the CIT(A)'s decision to include turnover of sponsored telecast business in computing deduction under Section 80HHF, emphasizing the prohibition on double deductions. The appeal outcomes were mixed, with both parties partly succeeding. Case-Laws Income Tax Wed, 16 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216020