https://www.taxtmi.com/caselaws?id=256102 The Tribunal ruled in favor of the assessee on various issues, including considering foreign exchange difference as part of export turnover but excluded from domestic turnover, excluding scrap sale from total turnover, treating interest income from FDRs as eligible for deduction under section 10B, and allowing deduction of interest under section 24(b) subject to verification. Ad hoc disallowances were partially reduced for lack of substantiation. The Tribunal upheld disallowances for personal use expenses but allowed the deduction for late payment of ESI contribution. The appeal was partly allowed, with certain matters remanded for further review. en-us Wed, 07 Jan 2015 00:00:00 +0530 Mon, 18 May 2015 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256102 The Tribunal ruled in favor of the assessee on various issues, including considering foreign exchange difference as part of export turnover but excluded from domestic turnover, excluding scrap sale from total turnover, treating interest income from FDRs as eligible for deduction under section 10B, and allowing deduction of interest under section 24(b) subject to verification. Ad hoc disallowances were partially reduced for lack of substantiation. The Tribunal upheld disallowances for personal use expenses but allowed the deduction for late payment of ESI contribution. The appeal was partly allowed, with certain matters remanded for further review. Case-Laws Income Tax Wed, 07 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256102