https://www.taxtmi.com/caselaws?id=59476 The assessee's appeal was partly allowed, with success in the disallowance of amalgamation expenses and foreign traveling expenses for directors' wives. However, the claim under Section 80-I was dismissed as not pressed. The Tribunal also allowed the claim under Section 80HHC, emphasizing that only the profit for the year should be considered for deduction without setting off certain losses. An additional ground on turnover calculation was admitted for further consideration. The issue of deduction under Section 80-I in relation to other deductions was remanded for fresh assessment. en-us Thu, 29 Jan 2004 00:00:00 +0530 Thu, 30 Dec 2010 10:08:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59476 The assessee's appeal was partly allowed, with success in the disallowance of amalgamation expenses and foreign traveling expenses for directors' wives. However, the claim under Section 80-I was dismissed as not pressed. The Tribunal also allowed the claim under Section 80HHC, emphasizing that only the profit for the year should be considered for deduction without setting off certain losses. An additional ground on turnover calculation was admitted for further consideration. The issue of deduction under Section 80-I in relation to other deductions was remanded for fresh assessment. Case-Laws Income Tax Thu, 29 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59476