https://www.taxtmi.com/caselaws?id=244005 Receipts integrally linked to manufacturing or export activity, such as sale of hoops and wrappers and octroi refund, were treated as eligible for deduction under section 10B because they reduced production cost. Mining lease expenditure and foreign travel expense of the director's wife were allowed, while forfeiture of security deposit was not treated as a capital receipt and interest on income tax and delayed SSI payments remained disallowed. Income from exploitation of commercial property was assessed as income from house property. Several items, including ancillary receipts, payments to authorities, leasehold write-off and electricity duty liabilities, were restored for fresh examination. Section 80HHC and section 115JB computations were adjusted in line with settled treatment of sales tax, DEPB and distributed profits. en-us Wed, 21 Aug 2013 00:00:00 +0530 Sun, 16 Feb 2014 19:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244005 Receipts integrally linked to manufacturing or export activity, such as sale of hoops and wrappers and octroi refund, were treated as eligible for deduction under section 10B because they reduced production cost. Mining lease expenditure and foreign travel expense of the director's wife were allowed, while forfeiture of security deposit was not treated as a capital receipt and interest on income tax and delayed SSI payments remained disallowed. Income from exploitation of commercial property was assessed as income from house property. Several items, including ancillary receipts, payments to authorities, leasehold write-off and electricity duty liabilities, were restored for fresh examination. Section 80HHC and section 115JB computations were adjusted in line with settled treatment of sales tax, DEPB and distributed profits. Case-Laws Income Tax Wed, 21 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244005