https://www.taxtmi.com/caselaws?id=282082 The Tribunal partly allowed the appeal, upholding disallowances on various expenses while remitting some issues back to the assessing officer for fresh adjudication. The disallowance of expenditure on land lease charges, entertainment expenses, and contractual warranty obligations was confirmed. The exclusion of interest income and commission income from profit under specific sections was upheld. Several sub-issues under Section 80HHC were decided, with certain elements excluded from total turnover and profit calculations. Benefits received in respect of deemed export were excluded from deduction under Section 80-IA. The appeal was decided based on previous decisions and legal precedents. en-us Wed, 28 Feb 2007 00:00:00 +0530 Sat, 20 Jul 2019 11:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282082 The Tribunal partly allowed the appeal, upholding disallowances on various expenses while remitting some issues back to the assessing officer for fresh adjudication. The disallowance of expenditure on land lease charges, entertainment expenses, and contractual warranty obligations was confirmed. The exclusion of interest income and commission income from profit under specific sections was upheld. Several sub-issues under Section 80HHC were decided, with certain elements excluded from total turnover and profit calculations. Benefits received in respect of deemed export were excluded from deduction under Section 80-IA. The appeal was decided based on previous decisions and legal precedents. Case-Laws Income Tax Wed, 28 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282082