https://www.taxtmi.com/caselaws?id=63854 The Tribunal clarified that s. 80-IC(2)(a)(ii) and s. 80-IC(2)(b)(ii) apply to different classes of assessees. It held that fulfilling either condition is sufficient for deduction under s. 80-IC, rejecting the AO's argument that both conditions must be met. The Tribunal found the assessee eligible for deduction as it manufactured articles not specified in the Thirteenth Schedule. Consequently, the appeal by the Revenue challenging the eligibility for deduction under s. 80-IC was dismissed. en-us Fri, 31 Jul 2009 00:00:00 +0530 Fri, 27 Jul 2012 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63854 The Tribunal clarified that s. 80-IC(2)(a)(ii) and s. 80-IC(2)(b)(ii) apply to different classes of assessees. It held that fulfilling either condition is sufficient for deduction under s. 80-IC, rejecting the AO's argument that both conditions must be met. The Tribunal found the assessee eligible for deduction as it manufactured articles not specified in the Thirteenth Schedule. Consequently, the appeal by the Revenue challenging the eligibility for deduction under s. 80-IC was dismissed. Case-Laws Income Tax Fri, 31 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63854