https://www.taxtmi.com/caselaws?id=58378 The Tribunal partly allowed the appeal, upholding most decisions of the lower authorities but deleting the disallowance of the secret commission. The profit from the sale of import entitlements was assessed as business income, not a capital receipt. The allocation of capital employed for the Section 80J deduction was found reasonable. The provision for excise duty was disallowed as a contingent liability. The issue of interest under Section 215 was not pressed. The claim for weighted deduction under Section 35B was rejected due to lack of details. en-us Tue, 04 Nov 1986 00:00:00 +0530 Sat, 18 Dec 2010 17:05:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58378 The Tribunal partly allowed the appeal, upholding most decisions of the lower authorities but deleting the disallowance of the secret commission. The profit from the sale of import entitlements was assessed as business income, not a capital receipt. The allocation of capital employed for the Section 80J deduction was found reasonable. The provision for excise duty was disallowed as a contingent liability. The issue of interest under Section 215 was not pressed. The claim for weighted deduction under Section 35B was rejected due to lack of details. Case-Laws Income Tax Tue, 04 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58378