https://www.taxtmi.com/caselaws?id=176445 The Tribunal allowed the assessee's claim for deduction under Section 80-IB for Unit II, finding no justification for the AO's departure from previous years' accepted positions. Additions on trading results were set aside, accepting the assessee's explanations. Foreign travel expenses were remanded to the AO for further examination. The disallowance of interest-free advances was upheld. The disallowance of car expenses was deleted, but the disallowance of telephone expenses was upheld. The issue of vehicle depreciation rate was remanded for verification. The appeal was partly allowed, with some issues remanded and others decided in favor of the assessee or upheld. en-us Thu, 31 Jul 2008 00:00:00 +0530 Sun, 10 Dec 2023 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176445 The Tribunal allowed the assessee's claim for deduction under Section 80-IB for Unit II, finding no justification for the AO's departure from previous years' accepted positions. Additions on trading results were set aside, accepting the assessee's explanations. Foreign travel expenses were remanded to the AO for further examination. The disallowance of interest-free advances was upheld. The disallowance of car expenses was deleted, but the disallowance of telephone expenses was upheld. The issue of vehicle depreciation rate was remanded for verification. The appeal was partly allowed, with some issues remanded and others decided in favor of the assessee or upheld. Case-Laws Income Tax Thu, 31 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176445