https://www.taxtmi.com/caselaws?id=260779 The Tribunal dismissed the revenue's appeals and partly allowed the assessee's appeals. It upheld the denial of deduction under section 80IC for various incomes not directly linked to business activities but allowed it for foreign exchange fluctuation gain. The Tribunal confirmed the eligibility of income from job work for deduction under section 80IC and classified certain expenses as revenue expenditure. It upheld the treatment of rental income as rental income and allowed deductions accordingly. Deductions under section 80IC were permitted for specific incomes directly related to business activities. en-us Mon, 15 Sep 2014 00:00:00 +0530 Tue, 23 Jun 2015 16:40:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260779 The Tribunal dismissed the revenue's appeals and partly allowed the assessee's appeals. It upheld the denial of deduction under section 80IC for various incomes not directly linked to business activities but allowed it for foreign exchange fluctuation gain. The Tribunal confirmed the eligibility of income from job work for deduction under section 80IC and classified certain expenses as revenue expenditure. It upheld the treatment of rental income as rental income and allowed deductions accordingly. Deductions under section 80IC were permitted for specific incomes directly related to business activities. Case-Laws Income Tax Mon, 15 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260779