https://www.taxtmi.com/caselaws?id=341851 The Tribunal upheld the decisions of the Ld. CIT(A) in favor of the appellant on various issues related to the adjustment of expenses for deduction under section 80IC. The Tribunal dismissed the Revenue's appeals regarding the adjustment of freight charges, interest expenses, interest on loans, and unproportioned expenses, agreeing with the appellant's contentions. Additionally, the Tribunal upheld the Ld. CIT(A)'s confirmation of additions for interest on hundi discounting, resulting in the dismissal of both the Revenue's appeal and the Assessee's cross objection. en-us Mon, 17 Apr 2017 00:00:00 +0530 Wed, 19 Apr 2017 07:04:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341851 The Tribunal upheld the decisions of the Ld. CIT(A) in favor of the appellant on various issues related to the adjustment of expenses for deduction under section 80IC. The Tribunal dismissed the Revenue's appeals regarding the adjustment of freight charges, interest expenses, interest on loans, and unproportioned expenses, agreeing with the appellant's contentions. Additionally, the Tribunal upheld the Ld. CIT(A)'s confirmation of additions for interest on hundi discounting, resulting in the dismissal of both the Revenue's appeal and the Assessee's cross objection. Case-Laws Income Tax Mon, 17 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341851