https://www.taxtmi.com/caselaws?id=288074 The Tribunal partly allowed both appeals, dismissing the cross objection. Specific directions were given for re-computation and verification of deductions and disallowances, including disallowance of staff welfare expenses, contributions to PF/ESI, deduction u/s 80HHC and 80IB, additions on various expenses, and exclusion of excise duty and sales tax from turnover for deduction u/s 80HHC. The Tribunal also addressed the inclusion of interest income, exchange gains, cash discounts, rental income, and miscellaneous income for deduction under different sections, providing guidance on allowable deductions based on related expenses and nature of income. en-us Fri, 21 Aug 2009 00:00:00 +0530 Mon, 18 May 2020 11:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288074 The Tribunal partly allowed both appeals, dismissing the cross objection. Specific directions were given for re-computation and verification of deductions and disallowances, including disallowance of staff welfare expenses, contributions to PF/ESI, deduction u/s 80HHC and 80IB, additions on various expenses, and exclusion of excise duty and sales tax from turnover for deduction u/s 80HHC. The Tribunal also addressed the inclusion of interest income, exchange gains, cash discounts, rental income, and miscellaneous income for deduction under different sections, providing guidance on allowable deductions based on related expenses and nature of income. Case-Laws Income Tax Fri, 21 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288074