https://www.taxtmi.com/caselaws?id=161107 The Tribunal upheld the CIT(A)'s decisions favoring the assessee on multiple issues, including deletions related to selling expenses, transactions with specific companies, and provision for leave encashment. It confirmed exclusions for certain expenses under Section 35(2AB) and directed specific re-computations for deductions under Section 80HHC. The Tribunal also validated the deletion of capital loss on land sale and allowed MAT credit before computing interest under Sections 234B and 234C. The judgment emphasized consistency by relying on precedents, ensuring fairness in applying tax laws. en-us Fri, 13 Nov 2009 00:00:00 +0530 Tue, 27 Feb 2024 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161107 The Tribunal upheld the CIT(A)'s decisions favoring the assessee on multiple issues, including deletions related to selling expenses, transactions with specific companies, and provision for leave encashment. It confirmed exclusions for certain expenses under Section 35(2AB) and directed specific re-computations for deductions under Section 80HHC. The Tribunal also validated the deletion of capital loss on land sale and allowed MAT credit before computing interest under Sections 234B and 234C. The judgment emphasized consistency by relying on precedents, ensuring fairness in applying tax laws. Case-Laws Income Tax Fri, 13 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161107