https://www.taxtmi.com/caselaws?id=218967 The court upheld the Income Tax Appellate Tribunal's decision allowing deduction under section 80IA, finding the activity constituted manufacturing. The disallowance under section 40A(2)(b) was dismissed as the interest paid was deemed reasonable for business loans, consistent with past practice, and not doubted by the Assessing Officer. The court found no legal errors in the Tribunal's reasoning and dismissed the Tax Appeal. en-us Wed, 18 Jan 2012 00:00:00 +0530 Fri, 30 Nov 2012 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218967 The court upheld the Income Tax Appellate Tribunal's decision allowing deduction under section 80IA, finding the activity constituted manufacturing. The disallowance under section 40A(2)(b) was dismissed as the interest paid was deemed reasonable for business loans, consistent with past practice, and not doubted by the Assessing Officer. The court found no legal errors in the Tribunal's reasoning and dismissed the Tax Appeal. Case-Laws Income Tax Wed, 18 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218967