https://www.taxtmi.com/caselaws?id=275331 Supporting manufacturer DEPB receipts were treated as integral export-linked business income and deduction under section 80IB was allowed. For computing deduction under section 80HHC, section 80IB deduction was held not to be reduced from business profits where competing views existed, and the interpretation favourable to the assessee was adopted. Foreign travelling expenses were disallowed because the assessee could not substantiate them with bills or vouchers, so that disallowance was upheld. The result was partial relief, with the assessee succeeding on the first two issues and failing on the expenditure claim. en-us Wed, 04 Nov 2015 00:00:00 +0530 Mon, 19 Jul 2021 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275331 Supporting manufacturer DEPB receipts were treated as integral export-linked business income and deduction under section 80IB was allowed. For computing deduction under section 80HHC, section 80IB deduction was held not to be reduced from business profits where competing views existed, and the interpretation favourable to the assessee was adopted. Foreign travelling expenses were disallowed because the assessee could not substantiate them with bills or vouchers, so that disallowance was upheld. The result was partial relief, with the assessee succeeding on the first two issues and failing on the expenditure claim. Case-Laws Income Tax Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275331