https://www.taxtmi.com/caselaws?id=757902 Gujarat HC ruled in favor of the assessee on multiple deduction issues. The court confirmed entitlement to deduction under section 35AB for technical know-how fees, holding that manufacturing facility extension constituted existing business continuation. For sections 80HH and 80I deductions, the court directed exclusion of non-industrial income like FDR interest while including income from insurance claims, truck hiring, and miscellaneous income as industrial undertaking-derived. The court also ordered recomputation of section 80HHC deduction after excluding sales tax and excise duty from turnover calculations. en-us Tue, 13 Aug 2024 00:00:00 +0530 Tue, 03 Sep 2024 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757902 Gujarat HC ruled in favor of the assessee on multiple deduction issues. The court confirmed entitlement to deduction under section 35AB for technical know-how fees, holding that manufacturing facility extension constituted existing business continuation. For sections 80HH and 80I deductions, the court directed exclusion of non-industrial income like FDR interest while including income from insurance claims, truck hiring, and miscellaneous income as industrial undertaking-derived. The court also ordered recomputation of section 80HHC deduction after excluding sales tax and excise duty from turnover calculations. Case-Laws Income Tax Tue, 13 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757902