https://www.taxtmi.com/caselaws?id=238058 The Tribunal partially allowed the appeal, directing the AO to allow the deduction under Section 80-IC while excluding DEPB receipts. The Tribunal found the assessee had met the conditions for the deduction, emphasizing the lack of concrete evidence supporting the disallowance and the unreliable nature of the AO's investigation conducted long after the business ceased operations. Consequently, the interest under Section 234B would be adjusted in line with the allowance of the Section 80-IC deduction. en-us Fri, 14 Jun 2013 00:00:00 +0530 Tue, 15 Oct 2013 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238058 The Tribunal partially allowed the appeal, directing the AO to allow the deduction under Section 80-IC while excluding DEPB receipts. The Tribunal found the assessee had met the conditions for the deduction, emphasizing the lack of concrete evidence supporting the disallowance and the unreliable nature of the AO's investigation conducted long after the business ceased operations. Consequently, the interest under Section 234B would be adjusted in line with the allowance of the Section 80-IC deduction. Case-Laws Income Tax Fri, 14 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238058