https://www.taxtmi.com/caselaws?id=304832 The Tribunal dismissed all appeals filed by the Revenue and the assessee, upholding the CIT(A)'s decisions on various issues including condonation of delay in filing appeals, disallowance of interest on belated payment of non-compete fees, sales promotion expenses, exclusion of excise duty/sales tax from total turnover for deduction u/s. 80HHC, exclusion of DEPB license fees for deduction u/s. 80HHC, disallowance of employee's contribution to PF and ESI, re-computation of deduction u/s. 80HHC based on book profits, exclusion of forex gain for deduction u/s. 80HHC, notional interest income on loans advanced to sister concern, disallowance of foreign agency commission, foreign exchange fluctuation loss, and disallowance u/s. 14A for expenditure related to exempt income. en-us Wed, 22 Dec 2021 00:00:00 +0530 Sun, 30 Oct 2022 21:33:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304832 The Tribunal dismissed all appeals filed by the Revenue and the assessee, upholding the CIT(A)'s decisions on various issues including condonation of delay in filing appeals, disallowance of interest on belated payment of non-compete fees, sales promotion expenses, exclusion of excise duty/sales tax from total turnover for deduction u/s. 80HHC, exclusion of DEPB license fees for deduction u/s. 80HHC, disallowance of employee's contribution to PF and ESI, re-computation of deduction u/s. 80HHC based on book profits, exclusion of forex gain for deduction u/s. 80HHC, notional interest income on loans advanced to sister concern, disallowance of foreign agency commission, foreign exchange fluctuation loss, and disallowance u/s. 14A for expenditure related to exempt income. Case-Laws Income Tax Wed, 22 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304832