https://www.taxtmi.com/caselaws?id=212903 The Tribunal upheld the order directing the Assessing Officer to allow deduction under Section 80HHC for export incentives received by the assessee as a supporting manufacturer. The addition of Rs. 8,38,77,635/- on account of stock value difference was deleted by the CIT(A) and upheld by the Tribunal due to lack of proof and verification. Depreciation at 50% on machinery purchased under the TUF Scheme was allowed as both the CIT(A) and Tribunal found the machinery qualified for the higher deduction. The appeal was dismissed based on factual evidence with no substantial legal questions identified. en-us Tue, 13 Mar 2012 00:00:00 +0530 Mon, 30 Apr 2012 08:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212903 The Tribunal upheld the order directing the Assessing Officer to allow deduction under Section 80HHC for export incentives received by the assessee as a supporting manufacturer. The addition of Rs. 8,38,77,635/- on account of stock value difference was deleted by the CIT(A) and upheld by the Tribunal due to lack of proof and verification. Depreciation at 50% on machinery purchased under the TUF Scheme was allowed as both the CIT(A) and Tribunal found the machinery qualified for the higher deduction. The appeal was dismissed based on factual evidence with no substantial legal questions identified. Case-Laws Income Tax Tue, 13 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212903