https://www.taxtmi.com/caselaws?id=186112 The Tribunal upheld the validity of re-opening the assessment after four years, stating that the AO had proper reasons for reassessment. The issue of taxability of DEPB benefits was sent back to the AO for reconsideration. Addition due to under pricing in sales to sister concerns was upheld. The matter of interest under section 234D was remanded to follow High Court principles. The exclusion of certain items under section 80HHC was set aside for fresh examination. Aggregation of turnover for deduction under section 80HHC was affirmed. The disallowance of deduction under section 80IB was remanded for review. The exclusion of certain expenses under section 80HHC was partially upheld. en-us Fri, 04 May 2012 00:00:00 +0530 Wed, 07 Sep 2016 16:29:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186112 The Tribunal upheld the validity of re-opening the assessment after four years, stating that the AO had proper reasons for reassessment. The issue of taxability of DEPB benefits was sent back to the AO for reconsideration. Addition due to under pricing in sales to sister concerns was upheld. The matter of interest under section 234D was remanded to follow High Court principles. The exclusion of certain items under section 80HHC was set aside for fresh examination. Aggregation of turnover for deduction under section 80HHC was affirmed. The disallowance of deduction under section 80IB was remanded for review. The exclusion of certain expenses under section 80HHC was partially upheld. Case-Laws Income Tax Fri, 04 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186112