https://www.taxtmi.com/caselaws?id=261942 The Tribunal upheld the CIT(A) order, determining that milk qualifies as a deductible item under section 80IC of the Income Tax Act, 1961, as it is listed in the Fourteenth Schedule. The Tribunal interpreted "production" broadly to include obtaining milk without processing raw material, supporting milk's eligibility for deduction. Consequently, the Revenue's appeal was dismissed, affirming that milk is an eligible item for deduction under section 80IC. en-us Thu, 22 Jan 2015 00:00:00 +0530 Tue, 28 Jul 2015 06:54:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261942 The Tribunal upheld the CIT(A) order, determining that milk qualifies as a deductible item under section 80IC of the Income Tax Act, 1961, as it is listed in the Fourteenth Schedule. The Tribunal interpreted "production" broadly to include obtaining milk without processing raw material, supporting milk's eligibility for deduction. Consequently, the Revenue's appeal was dismissed, affirming that milk is an eligible item for deduction under section 80IC. Case-Laws Income Tax Thu, 22 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261942