https://www.taxtmi.com/caselaws?id=237123 The Tribunal remanded several issues back to the Assessing Officer for fresh adjudication, including the disallowance of 2% of dividend income under Section 14A and the inclusion of interest income, lease rent receipts, and other income in computing deductions under Section 80-IB. The Tribunal upheld the decisions on other issues, such as the denial of deduction under Section 80-IB on income from the forge shop and the inclusion of scrap sales in the total turnover for computing deduction under Section 80HHC. The Tribunal also confirmed the reduction of deductions under Sections 80-IB and 80G from the business profits for computing the deduction under Section 80HHC, aligning with the interpretation of Section 80-IA(9). en-us Fri, 10 Jun 2011 00:00:00 +0530 Thu, 19 Sep 2013 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237123 The Tribunal remanded several issues back to the Assessing Officer for fresh adjudication, including the disallowance of 2% of dividend income under Section 14A and the inclusion of interest income, lease rent receipts, and other income in computing deductions under Section 80-IB. The Tribunal upheld the decisions on other issues, such as the denial of deduction under Section 80-IB on income from the forge shop and the inclusion of scrap sales in the total turnover for computing deduction under Section 80HHC. The Tribunal also confirmed the reduction of deductions under Sections 80-IB and 80G from the business profits for computing the deduction under Section 80HHC, aligning with the interpretation of Section 80-IA(9). Case-Laws Income Tax Fri, 10 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237123