https://www.taxtmi.com/caselaws?id=236862 The Tribunal dismissed the assessee's appeal, upholding the rejection of the deduction claim under Section 80IC due to the inclusion of "Flour Mill" in the negative list of Schedule XIII, Part B. The Tribunal affirmed that all types of flour mills, including roller mills, fall under this classification, thus disallowing the deduction. The lower authorities' interpretation and application of the Income Tax Act provisions were upheld, with the Tribunal finding the assessee's primary activity as flour milling, which is ineligible for the deduction. en-us Mon, 14 Jan 2013 00:00:00 +0530 Fri, 01 Nov 2013 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236862 The Tribunal dismissed the assessee's appeal, upholding the rejection of the deduction claim under Section 80IC due to the inclusion of "Flour Mill" in the negative list of Schedule XIII, Part B. The Tribunal affirmed that all types of flour mills, including roller mills, fall under this classification, thus disallowing the deduction. The lower authorities' interpretation and application of the Income Tax Act provisions were upheld, with the Tribunal finding the assessee's primary activity as flour milling, which is ineligible for the deduction. Case-Laws Income Tax Mon, 14 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236862