https://www.taxtmi.com/caselaws?id=276187 The High Court admitted the Tax Appeal to consider substantial questions of law, including deductions under section 80IB of the Act on duty drawback and interest income on FDI/ICD. The Court agreed to examine these issues for further clarification. The Court also addressed the deletion of an addition made on account of upward adjustment under section 92CA(3) of the Act, deciding not to entertain the Revenue's proposed questions. The Court upheld decisions on disallowance of national loss on outstanding forex derivatives contracts and interest income from debtors, declining to consider proposed questions. The Court allowed the draft amendment and admitted the Tax Appeal for consideration of specified substantial questions of law. en-us Tue, 20 Feb 2018 00:00:00 +0530 Thu, 01 Nov 2018 13:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276187 The High Court admitted the Tax Appeal to consider substantial questions of law, including deductions under section 80IB of the Act on duty drawback and interest income on FDI/ICD. The Court agreed to examine these issues for further clarification. The Court also addressed the deletion of an addition made on account of upward adjustment under section 92CA(3) of the Act, deciding not to entertain the Revenue's proposed questions. The Court upheld decisions on disallowance of national loss on outstanding forex derivatives contracts and interest income from debtors, declining to consider proposed questions. The Court allowed the draft amendment and admitted the Tax Appeal for consideration of specified substantial questions of law. Case-Laws Income Tax Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276187