https://www.taxtmi.com/caselaws?id=251543 The Tribunal upheld the CIT(A)'s decision, confirming that Unit-II qualifies as an independent manufacturing unit engaged in producing wire harnesses, which was deemed as manufacturing due to involving specialized processes resulting in distinct products. The Tribunal rejected the Revenue's argument that Unit-II did not meet the criteria for deduction under Section 80IB, emphasizing that the unit's activities aligned with the definition of "manufacture" under tax laws. Consequently, the appeals brought by the Revenue were dismissed, affirming Unit-II's eligibility for the deduction. en-us Thu, 04 Sep 2014 00:00:00 +0530 Thu, 18 Sep 2014 10:06:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251543 The Tribunal upheld the CIT(A)'s decision, confirming that Unit-II qualifies as an independent manufacturing unit engaged in producing wire harnesses, which was deemed as manufacturing due to involving specialized processes resulting in distinct products. The Tribunal rejected the Revenue's argument that Unit-II did not meet the criteria for deduction under Section 80IB, emphasizing that the unit's activities aligned with the definition of "manufacture" under tax laws. Consequently, the appeals brought by the Revenue were dismissed, affirming Unit-II's eligibility for the deduction. Case-Laws Income Tax Thu, 04 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251543