https://www.taxtmi.com/caselaws?id=205236 The High Court of Bombay set aside the Tribunal's order and remanded the case for fresh consideration regarding the initial assessment year under Section 80IB sub-section 14(c) of the Income Tax Act. The Court emphasized the need for a proper evaluation of whether the products were purchased for testing and if using them in the machine constituted manufacturing. The appellant was granted interim protection against coercive actions, and the appeal was disposed of with no costs, stressing the importance of a meticulous assessment for a fair resolution in tax disputes. en-us Thu, 21 Jul 2011 00:00:00 +0530 Fri, 19 Aug 2011 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205236 The High Court of Bombay set aside the Tribunal's order and remanded the case for fresh consideration regarding the initial assessment year under Section 80IB sub-section 14(c) of the Income Tax Act. The Court emphasized the need for a proper evaluation of whether the products were purchased for testing and if using them in the machine constituted manufacturing. The appellant was granted interim protection against coercive actions, and the appeal was disposed of with no costs, stressing the importance of a meticulous assessment for a fair resolution in tax disputes. Case-Laws Income Tax Thu, 21 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205236