https://www.taxtmi.com/caselaws?id=219583 The Tribunal partially allowed the appeal, addressing issues related to the computation of deduction under section 80HHC. It upheld the Assessing Officer's decision to compute the deduction based on the entire company due to the lack of unit-wise accounts. However, it directed a reassessment of the exclusion of turnover for a specific unit and clarified the treatment of interest income and insurance claims. The Tribunal also allowed the reduction of business receipts like VAT refunds, considering their integral nature to manufacturing operations. The decisions were made in accordance with legal precedents and the direct impact on the appellant's business operations. en-us Wed, 18 Jul 2012 00:00:00 +0530 Sat, 06 Oct 2012 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219583 The Tribunal partially allowed the appeal, addressing issues related to the computation of deduction under section 80HHC. It upheld the Assessing Officer's decision to compute the deduction based on the entire company due to the lack of unit-wise accounts. However, it directed a reassessment of the exclusion of turnover for a specific unit and clarified the treatment of interest income and insurance claims. The Tribunal also allowed the reduction of business receipts like VAT refunds, considering their integral nature to manufacturing operations. The decisions were made in accordance with legal precedents and the direct impact on the appellant's business operations. Case-Laws Income Tax Wed, 18 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219583