https://www.taxtmi.com/caselaws?id=204160 The Tribunal allowed all revenue's appeals and dismissed the assessee's appeal. The primary issue was the eligibility for deduction under section 80-IB, which was denied as the activities did not constitute manufacturing. The notice under section 148 was deemed valid, and interest income from UTI bonds was not eligible for deduction under section 80-IB. The levy of interest under sections 234A and 234B was upheld. en-us Thu, 30 Sep 2010 00:00:00 +0530 Fri, 20 May 2011 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204160 The Tribunal allowed all revenue's appeals and dismissed the assessee's appeal. The primary issue was the eligibility for deduction under section 80-IB, which was denied as the activities did not constitute manufacturing. The notice under section 148 was deemed valid, and interest income from UTI bonds was not eligible for deduction under section 80-IB. The levy of interest under sections 234A and 234B was upheld. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204160