https://www.taxtmi.com/caselaws?id=261763 The ITAT partially allowed the appeal, directing the AO to grant the deduction under section 80HHC as claimed by the Assessee for the Assessment Year 2003-04. The Assessee's arguments regarding compliance with specific directions of the Tribunal and acceptance of revised computation were upheld. The ITAT found the interest levied and penalty proceedings initiated to be unjustified due to retrospective amendments. The appeal outcome favored the Assessee on the deduction computation, leading to adjustments in related grounds. en-us Fri, 10 Jul 2015 00:00:00 +0530 Tue, 21 Jul 2015 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261763 The ITAT partially allowed the appeal, directing the AO to grant the deduction under section 80HHC as claimed by the Assessee for the Assessment Year 2003-04. The Assessee's arguments regarding compliance with specific directions of the Tribunal and acceptance of revised computation were upheld. The ITAT found the interest levied and penalty proceedings initiated to be unjustified due to retrospective amendments. The appeal outcome favored the Assessee on the deduction computation, leading to adjustments in related grounds. Case-Laws Income Tax Fri, 10 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261763