https://www.taxtmi.com/caselaws?id=248283 The High Court of Kerala confirmed that income from mixing on a job work basis in a private limited company engaged in pre-cured tread rubber manufacturing is eligible for deduction under section 80-IB of the Income-tax Act for the assessment year 2007-08. The Tribunal's decision, based on a Full Bench ruling, upheld the assessee's eligibility for the deduction. The Revenue did not challenge this decision before the Supreme Court, making the Full Bench ruling the prevailing law on the matter. Consequently, the High Court dismissed the appeal, affirming the assessee's entitlement to the deduction. en-us Mon, 03 Mar 2014 00:00:00 +0530 Sat, 07 Jun 2014 12:08:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248283 The High Court of Kerala confirmed that income from mixing on a job work basis in a private limited company engaged in pre-cured tread rubber manufacturing is eligible for deduction under section 80-IB of the Income-tax Act for the assessment year 2007-08. The Tribunal's decision, based on a Full Bench ruling, upheld the assessee's eligibility for the deduction. The Revenue did not challenge this decision before the Supreme Court, making the Full Bench ruling the prevailing law on the matter. Consequently, the High Court dismissed the appeal, affirming the assessee's entitlement to the deduction. Case-Laws Income Tax Mon, 03 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248283