https://www.taxtmi.com/caselaws?id=255414 The High Court upheld the Tribunal's decisions in favor of the assessee in both Tax Appeal No.58 of 2007 and Tax Appeal No.1670 of 2007. The Court affirmed the validity of the claim for 10% of indirect cost for deduction under Section 80HHC and dismissed the revenue's appeal regarding the cancellation of penalty under Section 271(1)(c) due to the deletion of the addition that led to the penalty imposition. The judgments provided detailed analysis of legal provisions and precedent, ensuring a fair outcome for the assessee in both cases. en-us Wed, 24 Dec 2014 00:00:00 +0530 Fri, 16 Jan 2015 08:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255414 The High Court upheld the Tribunal's decisions in favor of the assessee in both Tax Appeal No.58 of 2007 and Tax Appeal No.1670 of 2007. The Court affirmed the validity of the claim for 10% of indirect cost for deduction under Section 80HHC and dismissed the revenue's appeal regarding the cancellation of penalty under Section 271(1)(c) due to the deletion of the addition that led to the penalty imposition. The judgments provided detailed analysis of legal provisions and precedent, ensuring a fair outcome for the assessee in both cases. Case-Laws Income Tax Wed, 24 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255414