https://www.taxtmi.com/caselaws?id=172393 The Revenue's appeal against the Commissioner of Income Tax(Appeals)'s decision to allow deduction u/s 80P(a)(ii) for the assessee was dismissed by the Tribunal. The Tribunal upheld that the assessee qualified as a cottage industry under the Industrial Development and Regulation Act, hence entitled to the exemption u/s 80P(2)(a)(ii) of the Income Tax Act, 1961. The Revenue's objections regarding the size and extent of the operation were deemed legally invalid. The appeals were dismissed based on a previous decision of the Tribunal. en-us Tue, 12 Jun 2012 00:00:00 +0530 Thu, 20 Aug 2015 17:02:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172393 The Revenue's appeal against the Commissioner of Income Tax(Appeals)'s decision to allow deduction u/s 80P(a)(ii) for the assessee was dismissed by the Tribunal. The Tribunal upheld that the assessee qualified as a cottage industry under the Industrial Development and Regulation Act, hence entitled to the exemption u/s 80P(2)(a)(ii) of the Income Tax Act, 1961. The Revenue's objections regarding the size and extent of the operation were deemed legally invalid. The appeals were dismissed based on a previous decision of the Tribunal. Case-Laws Income Tax Tue, 12 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172393