https://www.taxtmi.com/caselaws?id=184885 The ITAT rejected the revenue's appeal regarding eligibility for deduction under section 80-IC of the Income-tax Act, 1961 for both AY 2005-06 and 2006-07, confirming the assessee's qualification for the deduction based on substantial expansion and meeting the handicraft criteria. The issue of including interest income on FDRs for deduction was remitted for adjudication. The treatment of gain on exchange difference as business income was upheld. The appeal for AY 2005-06 was partially allowed for statistical purposes, while the appeal for AY 2006-07 was dismissed. en-us Fri, 23 Dec 2011 00:00:00 +0530 Sat, 23 Jul 2016 13:09:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184885 The ITAT rejected the revenue's appeal regarding eligibility for deduction under section 80-IC of the Income-tax Act, 1961 for both AY 2005-06 and 2006-07, confirming the assessee's qualification for the deduction based on substantial expansion and meeting the handicraft criteria. The issue of including interest income on FDRs for deduction was remitted for adjudication. The treatment of gain on exchange difference as business income was upheld. The appeal for AY 2005-06 was partially allowed for statistical purposes, while the appeal for AY 2006-07 was dismissed. Case-Laws Income Tax Fri, 23 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184885