https://www.taxtmi.com/caselaws?id=250470 The High Court ruled in favor of the revenue, holding that businesses involved in civil and labour construction without any manufacturing activity are not eligible for deduction under Section 32AB of the Income Tax Act, 1961. The decision emphasized the necessity of meeting specific conditions outlined in the provision and providing factual evidence to support deduction claims. The appeal was allowed based on the assessee's ineligibility for the deduction under Section 32AB. en-us Wed, 02 Jul 2014 00:00:00 +0530 Thu, 14 Aug 2014 08:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250470 The High Court ruled in favor of the revenue, holding that businesses involved in civil and labour construction without any manufacturing activity are not eligible for deduction under Section 32AB of the Income Tax Act, 1961. The decision emphasized the necessity of meeting specific conditions outlined in the provision and providing factual evidence to support deduction claims. The appeal was allowed based on the assessee's ineligibility for the deduction under Section 32AB. Case-Laws Income Tax Wed, 02 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250470