https://www.taxtmi.com/caselaws?id=261149 The Tribunal partly allowed the assessee's appeal, dismissing the Revenue's appeal and the assessee's cross-objection. It emphasized the legislative intent behind sections 10B and 92-C, preventing misuse for undue benefits. The Tribunal ruled against the assessee on issues related to deduction under section 10B for self-added amounts under section 92-C and interest under sections 234B and 234C. However, it favored the assessee on the enlargement of the CIT's order scope and computation of deduction under section 10B without setting off losses. The Tribunal also rejected the Revenue's challenge regarding R&D expenses set off against export income. en-us Wed, 29 Apr 2015 00:00:00 +0530 Fri, 03 Jul 2015 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261149 The Tribunal partly allowed the assessee's appeal, dismissing the Revenue's appeal and the assessee's cross-objection. It emphasized the legislative intent behind sections 10B and 92-C, preventing misuse for undue benefits. The Tribunal ruled against the assessee on issues related to deduction under section 10B for self-added amounts under section 92-C and interest under sections 234B and 234C. However, it favored the assessee on the enlargement of the CIT's order scope and computation of deduction under section 10B without setting off losses. The Tribunal also rejected the Revenue's challenge regarding R&D expenses set off against export income. Case-Laws Income Tax Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261149