https://www.taxtmi.com/caselaws?id=234653 The Tribunal partially allowed the Revenue's appeals and dismissed the assessee's appeals and cross-objections. The decisions were based on legal reasoning and precedents, affirming deductions under Section 80IA for interest income related to power supply, leave encashment as ascertained liability, and excluding AAD from book profits. However, deductions for staff incentives, interest on FDRs, and sale of scrap were denied due to lack of direct nexus with the eligible business. The issue of interest received on loans from staff was dismissed as not pressed. en-us Fri, 24 May 2013 00:00:00 +0530 Wed, 17 Aug 2016 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234653 The Tribunal partially allowed the Revenue's appeals and dismissed the assessee's appeals and cross-objections. The decisions were based on legal reasoning and precedents, affirming deductions under Section 80IA for interest income related to power supply, leave encashment as ascertained liability, and excluding AAD from book profits. However, deductions for staff incentives, interest on FDRs, and sale of scrap were denied due to lack of direct nexus with the eligible business. The issue of interest received on loans from staff was dismissed as not pressed. Case-Laws Income Tax Fri, 24 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234653