https://www.taxtmi.com/caselaws?id=382324 The Tribunal allowed the appeals for the assessment years 2010-11, 2011-12, and 2012-13. The disallowance of premium paid to LIC under the group gratuity scheme was deleted, disallowance of legal and professional charges as capital expenditure was reversed, interest received from MIDC and MSEB was considered business income eligible for deduction, allocation of additions to income over EOU units was allowed proportionately, and the reduction of deduction claimed under section 10B was rejected. The appeal in ITA No.2632/PUN/2016 was dismissed as academic. en-us Thu, 27 Jun 2019 00:00:00 +0530 Mon, 01 Jul 2019 07:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382324 The Tribunal allowed the appeals for the assessment years 2010-11, 2011-12, and 2012-13. The disallowance of premium paid to LIC under the group gratuity scheme was deleted, disallowance of legal and professional charges as capital expenditure was reversed, interest received from MIDC and MSEB was considered business income eligible for deduction, allocation of additions to income over EOU units was allowed proportionately, and the reduction of deduction claimed under section 10B was rejected. The appeal in ITA No.2632/PUN/2016 was dismissed as academic. Case-Laws Income Tax Thu, 27 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382324