https://www.taxtmi.com/caselaws?id=206206 The ITAT upheld the order of the CIT (A) regarding the deduction u/s 80IC for the assessment year 2005-06. The ITAT found that the assessee had maintained separate books of account for the eligible unit and dismissed the revenue's claims of overvalued stock transfers and understated costs. The ITAT highlighted the increased profitability of the eligible unit due to product differentiation and manufacturing premium products. The appeal of the revenue was consequently dismissed, emphasizing the significance of factual evidence and consistency in tax proceedings. en-us Fri, 12 Nov 2010 00:00:00 +0530 Tue, 20 May 2014 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206206 The ITAT upheld the order of the CIT (A) regarding the deduction u/s 80IC for the assessment year 2005-06. The ITAT found that the assessee had maintained separate books of account for the eligible unit and dismissed the revenue's claims of overvalued stock transfers and understated costs. The ITAT highlighted the increased profitability of the eligible unit due to product differentiation and manufacturing premium products. The appeal of the revenue was consequently dismissed, emphasizing the significance of factual evidence and consistency in tax proceedings. Case-Laws Income Tax Fri, 12 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206206