https://www.taxtmi.com/caselaws?id=243485 The Tribunal upheld the CIT(A)'s decision allowing deductions under Section 80IA/80IB for assessment years 1999-2000 to 2002-03. The department's appeals contesting the deduction were dismissed due to uncontroverted evidence supporting genuine manufacturing activities by the assessee. The Tribunal found no merit in the department's arguments based on the locked factory and absence of machinery. The deductions were allowed, except for interest earned on fixed deposits, which was denied but not challenged by the assessee. The order confirming the deductions was issued on August 21, 2013. en-us Wed, 21 Aug 2013 00:00:00 +0530 Mon, 03 Feb 2014 08:27:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243485 The Tribunal upheld the CIT(A)'s decision allowing deductions under Section 80IA/80IB for assessment years 1999-2000 to 2002-03. The department's appeals contesting the deduction were dismissed due to uncontroverted evidence supporting genuine manufacturing activities by the assessee. The Tribunal found no merit in the department's arguments based on the locked factory and absence of machinery. The deductions were allowed, except for interest earned on fixed deposits, which was denied but not challenged by the assessee. The order confirming the deductions was issued on August 21, 2013. Case-Laws Income Tax Wed, 21 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243485