https://www.taxtmi.com/caselaws?id=120828 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to grant the deduction under section 80-IB of the Income Tax Act. It concluded that the assessee's activities constituted manufacturing, and the Factory Manager and Assistant were considered workers under section 80-IB, meeting the employment requirement. The Tribunal also accepted the electricity bill as sufficient evidence of manufacturing activity and found that the negative cash balance was due to an accounting error, leading to the deletion of the addition under section 69-C. en-us Thu, 29 Nov 2007 00:00:00 +0530 Fri, 05 Jan 2024 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120828 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to grant the deduction under section 80-IB of the Income Tax Act. It concluded that the assessee's activities constituted manufacturing, and the Factory Manager and Assistant were considered workers under section 80-IB, meeting the employment requirement. The Tribunal also accepted the electricity bill as sufficient evidence of manufacturing activity and found that the negative cash balance was due to an accounting error, leading to the deletion of the addition under section 69-C. Case-Laws Income Tax Thu, 29 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120828