https://www.taxtmi.com/caselaws?id=186770 The Tribunal partly allowed both the assessee's and revenue's appeals. The Tribunal upheld the disallowance of 100% depreciation claim on pollution control equipment and disallowed interest claimed on borrowings for advance tax payment. However, it directed the exclusion of sales-tax and excise duty from total turnover for Section 80HHC and allowed deduction for delayed realization of export proceeds. The Tribunal also allowed foreign travel expenses but disallowed certain components of "other income" for deduction under Section 80IA. Additionally, it directed the inclusion of excise duty in closing stock valuation and upheld the method of proportionate reduction for deductions under Sections 80HHC and 80IA. en-us Fri, 20 Nov 2009 00:00:00 +0530 Thu, 29 Sep 2016 18:30:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186770 The Tribunal partly allowed both the assessee's and revenue's appeals. The Tribunal upheld the disallowance of 100% depreciation claim on pollution control equipment and disallowed interest claimed on borrowings for advance tax payment. However, it directed the exclusion of sales-tax and excise duty from total turnover for Section 80HHC and allowed deduction for delayed realization of export proceeds. The Tribunal also allowed foreign travel expenses but disallowed certain components of "other income" for deduction under Section 80IA. Additionally, it directed the inclusion of excise duty in closing stock valuation and upheld the method of proportionate reduction for deductions under Sections 80HHC and 80IA. Case-Laws Income Tax Fri, 20 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186770