https://www.taxtmi.com/caselaws?id=56477 The appeals resulted in mixed outcomes: the Tribunal upheld the CIT(A)'s decisions on several issues, including the exclusion of excise duty refund from business profits for deduction u/s 80HHC and the inclusion of processing charges. It allowed deductions for advertising expenses and public issue expenditures, while denying deductions on rental income u/s 80-I/IA. Some issues, such as deductions for manufacturing at third-party premises, were remanded to the AO for reconsideration. The Tribunal also directed adjustments for depreciation on energy-saving devices and allowed the exclusion of excise duty and sales tax from total turnover for deduction computations. en-us Tue, 08 Feb 2005 00:00:00 +0530 Sat, 15 Jun 2024 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56477 The appeals resulted in mixed outcomes: the Tribunal upheld the CIT(A)'s decisions on several issues, including the exclusion of excise duty refund from business profits for deduction u/s 80HHC and the inclusion of processing charges. It allowed deductions for advertising expenses and public issue expenditures, while denying deductions on rental income u/s 80-I/IA. Some issues, such as deductions for manufacturing at third-party premises, were remanded to the AO for reconsideration. The Tribunal also directed adjustments for depreciation on energy-saving devices and allowed the exclusion of excise duty and sales tax from total turnover for deduction computations. Case-Laws Income Tax Tue, 08 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56477