https://www.taxtmi.com/caselaws?id=255772 Assembling imported components into LCD monitors in a factory located in a notified area was treated as manufacturing, and the product was regarded as an information and communication technology device within the relevant Schedule description. The Revenue's challenge failed because the assessment rested on doubts about the genuineness of the deduction claim rather than concrete adverse material, no defects were found in the books of account, and the use of a brand name did not negate the manufacturing activity. On these facts, the assessee remained entitled to deduction under Section 80-IC, and no substantial question of law arose. en-us Mon, 12 Jan 2015 00:00:00 +0530 Fri, 08 May 2015 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255772 Assembling imported components into LCD monitors in a factory located in a notified area was treated as manufacturing, and the product was regarded as an information and communication technology device within the relevant Schedule description. The Revenue's challenge failed because the assessment rested on doubts about the genuineness of the deduction claim rather than concrete adverse material, no defects were found in the books of account, and the use of a brand name did not negate the manufacturing activity. On these facts, the assessee remained entitled to deduction under Section 80-IC, and no substantial question of law arose. Case-Laws Income Tax Mon, 12 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255772