https://www.taxtmi.com/caselaws?id=411334 The Tribunal ruled in favor of the assessee, allowing the deduction under Section 10AA of the Income Tax Act on a standalone basis without setting off losses from non-eligible units. The Tribunal upheld the deletion of disallowance of commission paid to directors under Section 40(a)(ia) of the Act, considering it as part of salary. The issue of apportionment of salary or operational expenses was remanded for fresh adjudication. The appeal of the assessee was partly allowed, and the appeal of the Revenue was partly allowed for statistical purposes. en-us Wed, 18 Aug 2021 00:00:00 +0530 Mon, 23 Aug 2021 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411334 The Tribunal ruled in favor of the assessee, allowing the deduction under Section 10AA of the Income Tax Act on a standalone basis without setting off losses from non-eligible units. The Tribunal upheld the deletion of disallowance of commission paid to directors under Section 40(a)(ia) of the Act, considering it as part of salary. The issue of apportionment of salary or operational expenses was remanded for fresh adjudication. The appeal of the assessee was partly allowed, and the appeal of the Revenue was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 18 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411334