https://www.taxtmi.com/caselaws?id=254625 The Tribunal upheld the decisions of the First Appellate Authority in favor of the assessee in two appeals by the Revenue. In the first issue regarding the deletion of adjustment in profit calculation under section 115JB of the Income Tax Act for income from SEZ operations, the Tribunal ruled in line with a precedent favoring the assessee. In the second issue concerning the disallowance of deduction under section 80IAB and treatment of income from asset sales, the Tribunal upheld the allowance of the deduction based on previous decisions, providing relief to the assessee. en-us Thu, 11 Dec 2014 00:00:00 +0530 Sat, 27 Dec 2014 07:49:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254625 The Tribunal upheld the decisions of the First Appellate Authority in favor of the assessee in two appeals by the Revenue. In the first issue regarding the deletion of adjustment in profit calculation under section 115JB of the Income Tax Act for income from SEZ operations, the Tribunal ruled in line with a precedent favoring the assessee. In the second issue concerning the disallowance of deduction under section 80IAB and treatment of income from asset sales, the Tribunal upheld the allowance of the deduction based on previous decisions, providing relief to the assessee. Case-Laws Income Tax Thu, 11 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254625