https://www.taxtmi.com/caselaws?id=195562 The High Court upheld the Tribunal's decisions in favor of the assessee, confirming deductions for foreign exchange fluctuation, duty drawback, net interest exclusion, laboratory sample testing charges, sales tax set-off, depreciation on building and Baroda unit, deferred revenue expenses, job work charges, amount paid to farmers, excise duty refund, and new project depreciation. However, duty drawback was not considered eligible for deduction under section 80-IA. The rulings were supported by various case laws including ACG Associated Capsules Pvt. Ltd. v. CIT, CIT v. Meghalaya Steels Ltd., and Liberty India v. CIT. en-us Tue, 19 Jul 2016 00:00:00 +0530 Fri, 03 Nov 2017 17:36:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195562 The High Court upheld the Tribunal's decisions in favor of the assessee, confirming deductions for foreign exchange fluctuation, duty drawback, net interest exclusion, laboratory sample testing charges, sales tax set-off, depreciation on building and Baroda unit, deferred revenue expenses, job work charges, amount paid to farmers, excise duty refund, and new project depreciation. However, duty drawback was not considered eligible for deduction under section 80-IA. The rulings were supported by various case laws including ACG Associated Capsules Pvt. Ltd. v. CIT, CIT v. Meghalaya Steels Ltd., and Liberty India v. CIT. Case-Laws Income Tax Tue, 19 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195562