https://www.taxtmi.com/caselaws?id=175530 The tribunal partially disallowed the assessee's deduction claim under Section 80HHC on export incentives due to failure to meet specified conditions. However, the tribunal allowed the deduction for late employees' provident fund contributions based on a retrospective interpretation of the law. Additionally, the tribunal upheld the capitalization of office renovation expenses but allowed depreciation if the asset was utilized. The tribunal also allowed the deduction for export incentives received from an export house and dismissed the addition of stock value difference. Furthermore, the tribunal allowed the deduction for loss of stock in fire, bad debts, higher depreciation rate on machinery under the TUF Scheme, and foreign travel expenses incurred for business purposes. en-us Thu, 21 Apr 2011 00:00:00 +0530 Wed, 25 Nov 2015 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175530 The tribunal partially disallowed the assessee's deduction claim under Section 80HHC on export incentives due to failure to meet specified conditions. However, the tribunal allowed the deduction for late employees' provident fund contributions based on a retrospective interpretation of the law. Additionally, the tribunal upheld the capitalization of office renovation expenses but allowed depreciation if the asset was utilized. The tribunal also allowed the deduction for export incentives received from an export house and dismissed the addition of stock value difference. Furthermore, the tribunal allowed the deduction for loss of stock in fire, bad debts, higher depreciation rate on machinery under the TUF Scheme, and foreign travel expenses incurred for business purposes. Case-Laws Income Tax Thu, 21 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175530