https://www.taxtmi.com/caselaws?id=233397 The Tribunal dismissed the appellant's claim for export incentives Duty Drawback/DEPB under section 80IB, following legal precedents indicating such benefits do not qualify for deduction. Regarding the addition of surrendered income, the Tribunal allowed deduction for the difference in stock valuation but upheld the addition of undisclosed cash and investments lacking a business nexus. The appellant was granted a deduction under section 80IB for the surrendered stock valuation, while the undisclosed amounts were denied. The Tribunal's decision provided a detailed analysis of each surrendered income item's eligibility for deduction under section 80IB. en-us Fri, 12 Apr 2013 00:00:00 +0530 Thu, 25 Apr 2013 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233397 The Tribunal dismissed the appellant's claim for export incentives Duty Drawback/DEPB under section 80IB, following legal precedents indicating such benefits do not qualify for deduction. Regarding the addition of surrendered income, the Tribunal allowed deduction for the difference in stock valuation but upheld the addition of undisclosed cash and investments lacking a business nexus. The appellant was granted a deduction under section 80IB for the surrendered stock valuation, while the undisclosed amounts were denied. The Tribunal's decision provided a detailed analysis of each surrendered income item's eligibility for deduction under section 80IB. Case-Laws Income Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233397