https://www.taxtmi.com/caselaws?id=375173 The tribunal partially allowed the appeal by directing the Assessing Officer to verify the direct nexus of certain 'Other Incomes' with the industrial undertaking for deduction under Section 80IC. The tribunal also deleted the ad-hoc disallowance of miscellaneous expenses. The grounds related to penalty initiation under Section 271(1)(c) and the charge of interest under Section 234C were dismissed as they were not pressed by the assessee. en-us Fri, 08 Feb 2019 00:00:00 +0530 Tue, 12 Feb 2019 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375173 The tribunal partially allowed the appeal by directing the Assessing Officer to verify the direct nexus of certain 'Other Incomes' with the industrial undertaking for deduction under Section 80IC. The tribunal also deleted the ad-hoc disallowance of miscellaneous expenses. The grounds related to penalty initiation under Section 271(1)(c) and the charge of interest under Section 234C were dismissed as they were not pressed by the assessee. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375173