https://www.taxtmi.com/caselaws?id=259205 The Court ruled in favor of the assessee, upholding the ITAT's decision to allow the Section 80-IA deduction for Unit-II. The dispute arose when the Assessing Officer denied the deduction, alleging subterfuge in the manufacturing activities. The Court affirmed the CIT(A)'s direction to compute profits appropriately, considering the legitimate nature of Unit-II's activities and job work by Unit-I. The revenue's appeals were dismissed, emphasizing the eligibility of Unit-II for the deduction under Section 80-IA. en-us Wed, 15 Apr 2015 00:00:00 +0530 Mon, 04 May 2015 06:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259205 The Court ruled in favor of the assessee, upholding the ITAT's decision to allow the Section 80-IA deduction for Unit-II. The dispute arose when the Assessing Officer denied the deduction, alleging subterfuge in the manufacturing activities. The Court affirmed the CIT(A)'s direction to compute profits appropriately, considering the legitimate nature of Unit-II's activities and job work by Unit-I. The revenue's appeals were dismissed, emphasizing the eligibility of Unit-II for the deduction under Section 80-IA. Case-Laws Income Tax Wed, 15 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259205