https://www.taxtmi.com/caselaws?id=342062 The High Court dismissed the appeals concerning the interpretation and application of Section 80IB of the Income Tax Act. They upheld the disallowance of various expenses under Section 80IB, including selling and distribution expenses, royalty, notional management fees, and interest on delayed payments. The Court also ruled that the Central Excise Refund should not be excluded in calculating profits for claiming deduction under Section 80IB. Additionally, they confirmed the disallowance of deductions for remuneration and expenses under Sections 40 and 43B, as well as the deletion of the disallowance for R&D expenses. en-us Thu, 30 Mar 2017 00:00:00 +0530 Tue, 25 Apr 2017 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342062 The High Court dismissed the appeals concerning the interpretation and application of Section 80IB of the Income Tax Act. They upheld the disallowance of various expenses under Section 80IB, including selling and distribution expenses, royalty, notional management fees, and interest on delayed payments. The Court also ruled that the Central Excise Refund should not be excluded in calculating profits for claiming deduction under Section 80IB. Additionally, they confirmed the disallowance of deductions for remuneration and expenses under Sections 40 and 43B, as well as the deletion of the disallowance for R&D expenses. Case-Laws Income Tax Thu, 30 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342062