https://www.taxtmi.com/caselaws?id=415962 The Court dismissed the revenue's appeal, upholding the Tribunal's decisions on all three issues raised. The deductions under Section 80IB for "common expenses" apportionment and "interest income" on scrap sale were allowed based on established legal principles and previous favorable decisions for the assessee. Additionally, the addition under Section 14A for investments yielding exempt income was deleted by the Tribunal, with the Court finding no error in this decision. The revenue's claims were rejected, and the appeal failed, with the connected application also being dismissed. en-us Tue, 14 Dec 2021 00:00:00 +0530 Fri, 17 Dec 2021 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415962 The Court dismissed the revenue's appeal, upholding the Tribunal's decisions on all three issues raised. The deductions under Section 80IB for "common expenses" apportionment and "interest income" on scrap sale were allowed based on established legal principles and previous favorable decisions for the assessee. Additionally, the addition under Section 14A for investments yielding exempt income was deleted by the Tribunal, with the Court finding no error in this decision. The revenue's claims were rejected, and the appeal failed, with the connected application also being dismissed. Case-Laws Income Tax Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415962