https://www.taxtmi.com/caselaws?id=180113 The Tribunal allowed the appeal in part, remanding specific issues for further verification and adjudication. The disallowance of interest paid to the bank was deleted, as the advances to sister concerns were found to be for commercial expediency. The treatment of DEPB receipts for deduction u/s 80HHC was remanded for reconsideration in light of the Taxation Laws (Amendment) Act 2005. The exclusion of export turnover through an export house was upheld based on precedent. The deduction u/s 43B for Employee's contribution to PF and ESI was remanded for verification of payment dates. en-us Tue, 22 Jan 2008 00:00:00 +0530 Wed, 16 Mar 2016 18:30:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180113 The Tribunal allowed the appeal in part, remanding specific issues for further verification and adjudication. The disallowance of interest paid to the bank was deleted, as the advances to sister concerns were found to be for commercial expediency. The treatment of DEPB receipts for deduction u/s 80HHC was remanded for reconsideration in light of the Taxation Laws (Amendment) Act 2005. The exclusion of export turnover through an export house was upheld based on precedent. The deduction u/s 43B for Employee's contribution to PF and ESI was remanded for verification of payment dates. Case-Laws Income Tax Tue, 22 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180113