https://www.taxtmi.com/caselaws?id=357177 The Tribunal set aside the Principal Commissioner of Income Tax's order and upheld the Assessing Officer's decision to allow deductions for various incomes under section 80IB, including Excise Incentive and Interest on FDR. The Tribunal found that these incomes were integral parts of business profits and eligible for deduction, contrary to the Pr. CIT's view. Consequently, the Tribunal allowed the appeal, concluding that the Assessing Officer's allowance of deductions was not erroneous, leading to the rejection of the Pr. CIT's order under section 263 of the Income Tax Act. en-us Tue, 06 Mar 2018 00:00:00 +0530 Mon, 19 Mar 2018 07:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357177 The Tribunal set aside the Principal Commissioner of Income Tax's order and upheld the Assessing Officer's decision to allow deductions for various incomes under section 80IB, including Excise Incentive and Interest on FDR. The Tribunal found that these incomes were integral parts of business profits and eligible for deduction, contrary to the Pr. CIT's view. Consequently, the Tribunal allowed the appeal, concluding that the Assessing Officer's allowance of deductions was not erroneous, leading to the rejection of the Pr. CIT's order under section 263 of the Income Tax Act. Case-Laws Income Tax Tue, 06 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357177