https://www.taxtmi.com/caselaws?id=333666 The Tribunal upheld the CIT(A)'s decision to exclude only the income on the sale of Duty Entitlement Pass Book (DEPB) for deduction under Section 80IB, remanded the issue of interest expenditure for further verification, allowed Keyman insurance premium for Directors, and partially disallowed it for other individuals. The Tribunal did not separately address the non-allowance of deduction under Section 80IB on additions made during assessment. The appeal outcomes were mixed, with some grounds allowed for statistical purposes and others dismissed or partially allowed. en-us Mon, 29 Aug 2016 00:00:00 +0530 Thu, 20 Oct 2016 19:09:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333666 The Tribunal upheld the CIT(A)'s decision to exclude only the income on the sale of Duty Entitlement Pass Book (DEPB) for deduction under Section 80IB, remanded the issue of interest expenditure for further verification, allowed Keyman insurance premium for Directors, and partially disallowed it for other individuals. The Tribunal did not separately address the non-allowance of deduction under Section 80IB on additions made during assessment. The appeal outcomes were mixed, with some grounds allowed for statistical purposes and others dismissed or partially allowed. Case-Laws Income Tax Mon, 29 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333666