https://www.taxtmi.com/caselaws?id=285290 The Tribunal partially allowed the appeals, restricting the disallowance under Section 14A to 5% of tax-exempt income and allowing certain receipts for deduction under Section 80-IC. The Tribunal upheld the exclusion of duty drawback and miscellaneous receipts from eligible profits. It also supported the assessee on issues related to shortage of finished goods, excess depreciation, manufacturing activity determination, and treatment of profits from raw material and waste/scrap sales. The Tribunal affirmed the arm's length pricing for the purchase of steam from a sister concern. en-us Tue, 11 Dec 2018 00:00:00 +0530 Mon, 06 Jan 2020 20:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285290 The Tribunal partially allowed the appeals, restricting the disallowance under Section 14A to 5% of tax-exempt income and allowing certain receipts for deduction under Section 80-IC. The Tribunal upheld the exclusion of duty drawback and miscellaneous receipts from eligible profits. It also supported the assessee on issues related to shortage of finished goods, excess depreciation, manufacturing activity determination, and treatment of profits from raw material and waste/scrap sales. The Tribunal affirmed the arm's length pricing for the purchase of steam from a sister concern. Case-Laws Income Tax Tue, 11 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285290