https://www.taxtmi.com/caselaws?id=59051 The Revenue's appeal was mostly dismissed, except for the issue of relief under Section 80-O, which was remanded for a fresh decision. The CIT(A)'s decision to allow the investment allowance for dumpers was upheld. The Tribunal affirmed the exclusion of foreign exchange reserves from taxation and disallowed the interest paid to the IT Department. The claim for weighted deduction under Section 35B was remanded for further consideration. The business loss claim was denied as a capital loss. en-us Fri, 19 Jul 1985 00:00:00 +0530 Thu, 23 Dec 2010 17:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59051 The Revenue's appeal was mostly dismissed, except for the issue of relief under Section 80-O, which was remanded for a fresh decision. The CIT(A)'s decision to allow the investment allowance for dumpers was upheld. The Tribunal affirmed the exclusion of foreign exchange reserves from taxation and disallowed the interest paid to the IT Department. The claim for weighted deduction under Section 35B was remanded for further consideration. The business loss claim was denied as a capital loss. Case-Laws Income Tax Fri, 19 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59051