https://www.taxtmi.com/caselaws?id=257334 The Tribunal upheld the CIT(A)'s decision, confirming the eligibility of the Parwanoo unit for deduction under Section 80IC due to substantial expansion. It also approved the allocation of expenses between eligible and non-eligible businesses. The Tribunal allowed the deduction for expenses related to the ESOP Scheme, considering them as business expenses. The issue of charging interest under Sections 234B/234D was deemed inconsequential and dismissed. en-us Tue, 24 Feb 2015 00:00:00 +0530 Mon, 09 Mar 2015 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257334 The Tribunal upheld the CIT(A)'s decision, confirming the eligibility of the Parwanoo unit for deduction under Section 80IC due to substantial expansion. It also approved the allocation of expenses between eligible and non-eligible businesses. The Tribunal allowed the deduction for expenses related to the ESOP Scheme, considering them as business expenses. The issue of charging interest under Sections 234B/234D was deemed inconsequential and dismissed. Case-Laws Income Tax Tue, 24 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257334