https://www.taxtmi.com/caselaws?id=169890 The Tribunal upheld the CIT(A)'s directions to recompute the exemption under section 10A, delete the disallowance of managerial remuneration, and levy of interest under section 234D. It also dismissed the addition of goodwill as income under section 28(iv) and disallowance of interest on diversion of advances. The Tribunal allowed the deduction of PF contributions, bad debts, and upheld the eligibility for deduction under section 10A for various assessment years. Additionally, it deleted the disallowance of expenses booked on incomplete work but upheld the reassessment under section 143 read with section 147. The Tribunal dismissed Revenue's appeals and partly allowed the assessee's appeals, remitting certain issues for fresh consideration. en-us Wed, 21 Sep 2011 00:00:00 +0530 Mon, 25 Sep 2017 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169890 The Tribunal upheld the CIT(A)'s directions to recompute the exemption under section 10A, delete the disallowance of managerial remuneration, and levy of interest under section 234D. It also dismissed the addition of goodwill as income under section 28(iv) and disallowance of interest on diversion of advances. The Tribunal allowed the deduction of PF contributions, bad debts, and upheld the eligibility for deduction under section 10A for various assessment years. Additionally, it deleted the disallowance of expenses booked on incomplete work but upheld the reassessment under section 143 read with section 147. The Tribunal dismissed Revenue's appeals and partly allowed the assessee's appeals, remitting certain issues for fresh consideration. Case-Laws Income Tax Wed, 21 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169890