https://www.taxtmi.com/caselaws?id=261809 The tribunal disallowed the deduction under section 80IB due to the exclusion of duty drawback from eligible profit, following the precedent set in the Liberty India case. The disallowance under section 14A was partially upheld, with a direction to exclude investments in foreign subsidiaries from the computation. The appellant's appeal was allowed partly for statistical purposes, with general grounds not requiring separate adjudication. en-us Fri, 17 Jul 2015 00:00:00 +0530 Thu, 23 Jul 2015 07:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261809 The tribunal disallowed the deduction under section 80IB due to the exclusion of duty drawback from eligible profit, following the precedent set in the Liberty India case. The disallowance under section 14A was partially upheld, with a direction to exclude investments in foreign subsidiaries from the computation. The appellant's appeal was allowed partly for statistical purposes, with general grounds not requiring separate adjudication. Case-Laws Income Tax Fri, 17 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261809