https://www.taxtmi.com/caselaws?id=244974 The Tribunal allowed the assessee's Cross Objections, condoning the delay in filing and admitting the appeal for hearing. It upheld the deduction under section 10B, dismissing the Revenue's grounds. The issue of prior period expenses was remitted back for fresh consideration with proper reasoning. The disallowance under section 40A(3) was reinstated. The Tribunal remanded the disallowance of excess profits back for reconsideration with the opportunity for the assessee to be heard. en-us Fri, 07 Feb 2014 00:00:00 +0530 Fri, 02 Aug 2019 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244974 The Tribunal allowed the assessee's Cross Objections, condoning the delay in filing and admitting the appeal for hearing. It upheld the deduction under section 10B, dismissing the Revenue's grounds. The issue of prior period expenses was remitted back for fresh consideration with proper reasoning. The disallowance under section 40A(3) was reinstated. The Tribunal remanded the disallowance of excess profits back for reconsideration with the opportunity for the assessee to be heard. Case-Laws Income Tax Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244974