https://www.taxtmi.com/caselaws?id=212005 The High Court dismissed the Revenue's appeal, affirming the Tribunal's decision that assembling color TVs constituted manufacturing activity eligible for deduction under section 80-IC of the Income-tax Act, 1961. The Court upheld the Tribunal's ruling that the Commissioner's exercise of revisional jurisdiction under section 263 was unwarranted due to the presence of multiple plausible interpretations. As the Tribunal's decision aligned with previous judgments and no conflicting view was presented, the deduction claim was upheld, leading to the dismissal of the appeal. en-us Tue, 07 Feb 2012 00:00:00 +0530 Tue, 01 May 2012 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212005 The High Court dismissed the Revenue's appeal, affirming the Tribunal's decision that assembling color TVs constituted manufacturing activity eligible for deduction under section 80-IC of the Income-tax Act, 1961. The Court upheld the Tribunal's ruling that the Commissioner's exercise of revisional jurisdiction under section 263 was unwarranted due to the presence of multiple plausible interpretations. As the Tribunal's decision aligned with previous judgments and no conflicting view was presented, the deduction claim was upheld, leading to the dismissal of the appeal. Case-Laws Income Tax Tue, 07 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212005