https://www.taxtmi.com/caselaws?id=254632 The SC affirmed the Tribunal's decision granting deduction under Section 80IC of the Income Tax Act for the assessment year 2007-2008 to an appellant in the pharmaceutical business. The Tribunal upheld the deduction, emphasizing the duty to assist taxpayers in legitimate tax assessment. Despite the initial omission of the claim in the return of income, the Tribunal supported the deduction, highlighting the importance of aiding taxpayers in tax matters. The Court stressed the significance of timely rectification petitions and dismissed the appeal, finding no substantial question of law for consideration. en-us Tue, 18 Nov 2014 00:00:00 +0530 Thu, 29 Jan 2015 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254632 The SC affirmed the Tribunal's decision granting deduction under Section 80IC of the Income Tax Act for the assessment year 2007-2008 to an appellant in the pharmaceutical business. The Tribunal upheld the deduction, emphasizing the duty to assist taxpayers in legitimate tax assessment. Despite the initial omission of the claim in the return of income, the Tribunal supported the deduction, highlighting the importance of aiding taxpayers in tax matters. The Court stressed the significance of timely rectification petitions and dismissed the appeal, finding no substantial question of law for consideration. Case-Laws Income Tax Tue, 18 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254632