https://www.taxtmi.com/caselaws?id=64459 The Tribunal upheld the Commissioner's decision, denying the deduction under section 80-I of the Income-tax Act for the assessee, a Pvt. Ltd. company, as the manufacturing did not commence after 1-4-1981, as required by the statute. Despite the argument for liberal interpretation based on a CBDT circular, the Tribunal emphasized the clear language of the law and the circular, stating that the deduction was only applicable to industrial undertakings starting after 31-3-1981. The case underscores the importance of complying with statutory provisions and the limited scope of circulars in deviating from legal requirements. en-us Fri, 01 Jun 1990 00:00:00 +0530 Tue, 08 Feb 2011 10:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64459 The Tribunal upheld the Commissioner's decision, denying the deduction under section 80-I of the Income-tax Act for the assessee, a Pvt. Ltd. company, as the manufacturing did not commence after 1-4-1981, as required by the statute. Despite the argument for liberal interpretation based on a CBDT circular, the Tribunal emphasized the clear language of the law and the circular, stating that the deduction was only applicable to industrial undertakings starting after 31-3-1981. The case underscores the importance of complying with statutory provisions and the limited scope of circulars in deviating from legal requirements. Case-Laws Income Tax Fri, 01 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64459