https://www.taxtmi.com/caselaws?id=60694 The Tribunal allowed the appeal, setting aside the CIT's order under section 263. It confirmed that the cess paid under the specified West Bengal Acts is an allowable deduction in computing business income and should be accounted for before apportioning the income under Rule 8. The Tribunal's decision was based on a comprehensive analysis of the Income-tax Act, judicial precedents, and relevant rules, ensuring that the assessee's deductions were correctly applied and upheld. en-us Fri, 15 Nov 2002 00:00:00 +0530 Fri, 07 Jan 2011 16:29:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60694 The Tribunal allowed the appeal, setting aside the CIT's order under section 263. It confirmed that the cess paid under the specified West Bengal Acts is an allowable deduction in computing business income and should be accounted for before apportioning the income under Rule 8. The Tribunal's decision was based on a comprehensive analysis of the Income-tax Act, judicial precedents, and relevant rules, ensuring that the assessee's deductions were correctly applied and upheld. Case-Laws Income Tax Fri, 15 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60694