https://www.taxtmi.com/caselaws?id=330452 The Tribunal dismissed the Revenue's appeal, affirming the decisions of the ld. CIT(A) in allowing deductions under section 80IE for technical services receipts, foreign currency fluctuation, and excess provision written back. The Tribunal held that the income from the manufacturing unit was eligible for deduction, foreign currency gain was part of raw material costs justifying the deduction, and the excess provision reversal was in line with accounting principles. The Revenue failed to provide contrary evidence, leading to the dismissal of their appeal on all grounds. en-us Thu, 16 Jun 2016 00:00:00 +0530 Tue, 26 Jul 2016 11:50:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330452 The Tribunal dismissed the Revenue's appeal, affirming the decisions of the ld. CIT(A) in allowing deductions under section 80IE for technical services receipts, foreign currency fluctuation, and excess provision written back. The Tribunal held that the income from the manufacturing unit was eligible for deduction, foreign currency gain was part of raw material costs justifying the deduction, and the excess provision reversal was in line with accounting principles. The Revenue failed to provide contrary evidence, leading to the dismissal of their appeal on all grounds. Case-Laws Income Tax Thu, 16 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330452