https://www.taxtmi.com/caselaws?id=251728 The High Court upheld the Tribunal's decision, recognizing the assessees as eligible for deduction under Section 80 P (2) (a) (ii) as cottage industries. The Court emphasized the relevance of their status under the Industrial Development and Regulation Act and benefits received from governmental authorities. The objections based on the size and extent of operation were deemed legally invalid to disqualify the assessees as cottage industries under the Income Tax Act. The Court dismissed the Revenue's appeals, affirming the assessees' eligibility for the deduction. en-us Fri, 05 Sep 2014 00:00:00 +0530 Fri, 26 Sep 2014 06:36:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251728 The High Court upheld the Tribunal's decision, recognizing the assessees as eligible for deduction under Section 80 P (2) (a) (ii) as cottage industries. The Court emphasized the relevance of their status under the Industrial Development and Regulation Act and benefits received from governmental authorities. The objections based on the size and extent of operation were deemed legally invalid to disqualify the assessees as cottage industries under the Income Tax Act. The Court dismissed the Revenue's appeals, affirming the assessees' eligibility for the deduction. Case-Laws Income Tax Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251728