https://www.taxtmi.com/caselaws?id=181108 The Tribunal directed the Assessing Officer to recompute the business profit for deduction under section 80HHC related to DEPB entitlements, following the Bombay High Court's decision. The Tribunal also instructed a re-examination of the Profit and Loss account for a power project to determine eligibility for deduction under section 80IA. Additionally, the Tribunal upheld the deletion of disallowances for interest expenditure under section 36(1)(iii) and housekeeping charges under section 40A(2)(b), rejecting the Revenue's appeals on these issues. The Revenue's appeals were partly allowed for statistical purposes, with directions for fresh examination and computation by the Assessing Officer. en-us Tue, 31 May 2011 00:00:00 +0530 Thu, 07 Apr 2016 15:33:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181108 The Tribunal directed the Assessing Officer to recompute the business profit for deduction under section 80HHC related to DEPB entitlements, following the Bombay High Court's decision. The Tribunal also instructed a re-examination of the Profit and Loss account for a power project to determine eligibility for deduction under section 80IA. Additionally, the Tribunal upheld the deletion of disallowances for interest expenditure under section 36(1)(iii) and housekeeping charges under section 40A(2)(b), rejecting the Revenue's appeals on these issues. The Revenue's appeals were partly allowed for statistical purposes, with directions for fresh examination and computation by the Assessing Officer. Case-Laws Income Tax Tue, 31 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181108