https://www.taxtmi.com/caselaws?id=236652 The Tribunal remitted the case back to the CIT(A) for re-examination regarding the deduction under section 80 IB of the Income Tax Act, 1961, in relation to duty drawback receipts. The Tribunal emphasized the necessity of assessing the direct nexus between duty drawback receipts and industrial profits to ascertain eligibility for deduction under section 80 IB. The Tribunal allowed the appeals for statistical purposes, directing a detailed examination by the CIT(A) based on the specific facts and legal principles discussed in the case. en-us Tue, 27 Aug 2013 00:00:00 +0530 Wed, 04 Sep 2013 09:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236652 The Tribunal remitted the case back to the CIT(A) for re-examination regarding the deduction under section 80 IB of the Income Tax Act, 1961, in relation to duty drawback receipts. The Tribunal emphasized the necessity of assessing the direct nexus between duty drawback receipts and industrial profits to ascertain eligibility for deduction under section 80 IB. The Tribunal allowed the appeals for statistical purposes, directing a detailed examination by the CIT(A) based on the specific facts and legal principles discussed in the case. Case-Laws Income Tax Tue, 27 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236652