https://www.taxtmi.com/caselaws?id=178000 Insurance receipts for loss of manufactured goods in transit were treated as part of the settled deduction position under Section 80IB because the claim related to goods from the eligible undertaking and binding Division Bench precedent governed the issue, leaving no basis to refer it to a larger Bench. The assessment-year dispute on Section 14A also turned on principle: Rule 8D was held prospective, so it could not be applied retrospectively where the assessee had already made a suo motu disallowance and the Assessing Officer had not examined the basis of that amount. On both issues, the Revenue's challenge failed. en-us Wed, 15 Feb 2012 00:00:00 +0530 Mon, 25 Jan 2016 15:55:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178000 Insurance receipts for loss of manufactured goods in transit were treated as part of the settled deduction position under Section 80IB because the claim related to goods from the eligible undertaking and binding Division Bench precedent governed the issue, leaving no basis to refer it to a larger Bench. The assessment-year dispute on Section 14A also turned on principle: Rule 8D was held prospective, so it could not be applied retrospectively where the assessee had already made a suo motu disallowance and the Assessing Officer had not examined the basis of that amount. On both issues, the Revenue's challenge failed. Case-Laws Income Tax Wed, 15 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178000