https://www.taxtmi.com/caselaws?id=332143 The Tribunal ruled in favor of the assessee on various issues, directing the deletion of disallowances and allowing deductions under Section 80HHC based on precedents and Supreme Court rulings. Disallowances were deleted for previous year expenses and alleged excessive shortage in the Sesame seeds account. The Tribunal upheld the allowance of deductions for profit on sale of DEPB license and net interest as part of indirect cost. However, the Tribunal modified the deduction for the Marine Division to consider losses and directed a reevaluation of export turnover for deduction under Section 80HHC. en-us Mon, 25 Jul 2016 00:00:00 +0530 Mon, 08 Aug 2022 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332143 The Tribunal ruled in favor of the assessee on various issues, directing the deletion of disallowances and allowing deductions under Section 80HHC based on precedents and Supreme Court rulings. Disallowances were deleted for previous year expenses and alleged excessive shortage in the Sesame seeds account. The Tribunal upheld the allowance of deductions for profit on sale of DEPB license and net interest as part of indirect cost. However, the Tribunal modified the deduction for the Marine Division to consider losses and directed a reevaluation of export turnover for deduction under Section 80HHC. Case-Laws Income Tax Mon, 25 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332143