https://www.taxtmi.com/caselaws?id=217066 The Tribunal partially allowed the Revenue's appeal, upholding the deletion of Rs. 34,04,971 under section 80-I and Rs. 16,26,640 under section 14A for the assessment year 2008-09. The Tribunal emphasized that the DEPB income did not qualify as income from an industrial undertaking and that no direct or indirect expenditure was incurred for earning exempt income, leading to the deletion of the disallowance under section 14A. The decisions were based on factual findings and legal interpretations presented during the proceedings. en-us Thu, 12 Jul 2012 00:00:00 +0530 Thu, 27 Sep 2012 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217066 The Tribunal partially allowed the Revenue's appeal, upholding the deletion of Rs. 34,04,971 under section 80-I and Rs. 16,26,640 under section 14A for the assessment year 2008-09. The Tribunal emphasized that the DEPB income did not qualify as income from an industrial undertaking and that no direct or indirect expenditure was incurred for earning exempt income, leading to the deletion of the disallowance under section 14A. The decisions were based on factual findings and legal interpretations presented during the proceedings. Case-Laws Income Tax Thu, 12 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217066