https://www.taxtmi.com/caselaws?id=211524 The Tribunal allowed the assessee's appeal in part, directing the AO to grant the deduction under Section 80-IB, except for the interest income. The Tribunal acknowledged the assessee's engagement in manufacturing water purification systems, even with outsourced components, and noted compliance with employing 20 or more workers. However, the deduction for interest income was denied in line with the Supreme Court's ruling that such income must be derived from the industrial undertaking. en-us Thu, 25 Feb 2010 00:00:00 +0530 Sun, 25 Mar 2012 22:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211524 The Tribunal allowed the assessee's appeal in part, directing the AO to grant the deduction under Section 80-IB, except for the interest income. The Tribunal acknowledged the assessee's engagement in manufacturing water purification systems, even with outsourced components, and noted compliance with employing 20 or more workers. However, the deduction for interest income was denied in line with the Supreme Court's ruling that such income must be derived from the industrial undertaking. Case-Laws Income Tax Thu, 25 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211524