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    <title>2019 (1) TMI 1275 - BOMBAY HIGH COURT</title>
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    <description>The Court upheld the Tribunal&#039;s decisions on various issues, including the exclusion of interest income, exchange rate difference, scrap income, and export benefits from profits eligible for deduction under Section 80IB. Additionally, the Court affirmed the Tribunal&#039;s decision regarding setting off a loss amounting to Rs. 1,10,79,284 against other incomes under Section 80IC. The Court dismissed all tax appeals, ensuring accurate calculation of deductions under Section 80IB and Section 80IC.</description>
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      <link>https://www.taxtmi.com/caselaws?id=374110</link>
      <description>The Court upheld the Tribunal&#039;s decisions on various issues, including the exclusion of interest income, exchange rate difference, scrap income, and export benefits from profits eligible for deduction under Section 80IB. Additionally, the Court affirmed the Tribunal&#039;s decision regarding setting off a loss amounting to Rs. 1,10,79,284 against other incomes under Section 80IC. The Court dismissed all tax appeals, ensuring accurate calculation of deductions under Section 80IB and Section 80IC.</description>
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      <pubDate>Wed, 16 Jan 2019 00:00:00 +0530</pubDate>
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