https://www.taxtmi.com/caselaws?id=386986 The appeal was dismissed as the denial of deduction under section 80IB of the Income Tax Act for Duty Drawback, VKGUY, and FPS Premium was upheld by the Tribunal, Rajasthan High Court, and Supreme Court. Additionally, the Tribunal partially allowed the appeal for statistical purposes regarding the denial of deduction for surrendered income due to discrepancies in stock valuation, remanding the matter for re-examination due to lack of clarity on accounting treatment. The judgment underscored the significance of legal precedents and proper accounting practices in determining eligibility for deductions under the Income Tax Act. en-us Tue, 01 Oct 2019 00:00:00 +0530 Mon, 14 Oct 2019 11:24:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386986 The appeal was dismissed as the denial of deduction under section 80IB of the Income Tax Act for Duty Drawback, VKGUY, and FPS Premium was upheld by the Tribunal, Rajasthan High Court, and Supreme Court. Additionally, the Tribunal partially allowed the appeal for statistical purposes regarding the denial of deduction for surrendered income due to discrepancies in stock valuation, remanding the matter for re-examination due to lack of clarity on accounting treatment. The judgment underscored the significance of legal precedents and proper accounting practices in determining eligibility for deductions under the Income Tax Act. Case-Laws Income Tax Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386986