High Court allows appeal for 80IB deduction in marble slab production case, following SC precedent

The High Court of Bombay allowed the appeal related to deduction under section 80IB for marble slab production, citing a Supreme Court precedent and ruling in favor of the appellant without costs.

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The High Court of Bombay admitted an appeal regarding the deduction under section 80IB for the production of marble slabs. The court referred to a Supreme Court judgment in Income Tax Officer v. Arihant Tiles & Marbles P. Ltd. (2010) and ruled in favor of the appellant, disposing of the appeal with no costs.

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