https://www.taxtmi.com/caselaws?id=244873 The Tribunal upheld the CIT(A)'s decision directing the Assessing Officer to grant deduction u/s. 80IB to the assessee company. The Tribunal affirmed that the assessee qualified as a Small Scale Industrial Unit (SSI) and was eligible for the deduction based on the investment in plant and machinery not exceeding the prescribed limit. By applying legal precedents and interpreting statutory provisions accurately, the Tribunal dismissed the Revenue's appeal, emphasizing the importance of consistent application of the law in tax matters. en-us Wed, 26 Feb 2014 00:00:00 +0530 Tue, 04 Mar 2014 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244873 The Tribunal upheld the CIT(A)'s decision directing the Assessing Officer to grant deduction u/s. 80IB to the assessee company. The Tribunal affirmed that the assessee qualified as a Small Scale Industrial Unit (SSI) and was eligible for the deduction based on the investment in plant and machinery not exceeding the prescribed limit. By applying legal precedents and interpreting statutory provisions accurately, the Tribunal dismissed the Revenue's appeal, emphasizing the importance of consistent application of the law in tax matters. Case-Laws Income Tax Wed, 26 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244873