https://www.taxtmi.com/caselaws?id=63941 The tribunal rejected the claim for Section 80-I deduction under the IT Act for a unit with no manufacturing activity, emphasizing the necessity of continuous industrial production for relief eligibility. The decision underscored that compliance with conditions, such as ongoing manufacturing, is essential for the sustained benefit of tax incentives aimed at promoting industrial growth. The judgment clarified that the legislative intent behind Section 80-I is to prevent misuse of benefits by requiring actual industrial activity to qualify for relief, not just initial compliance with eligibility criteria. en-us Wed, 26 Sep 1990 00:00:00 +0530 Wed, 02 Feb 2011 17:47:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63941 The tribunal rejected the claim for Section 80-I deduction under the IT Act for a unit with no manufacturing activity, emphasizing the necessity of continuous industrial production for relief eligibility. The decision underscored that compliance with conditions, such as ongoing manufacturing, is essential for the sustained benefit of tax incentives aimed at promoting industrial growth. The judgment clarified that the legislative intent behind Section 80-I is to prevent misuse of benefits by requiring actual industrial activity to qualify for relief, not just initial compliance with eligibility criteria. Case-Laws Income Tax Wed, 26 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63941