https://www.taxtmi.com/caselaws?id=264799 The High Court upheld the Tribunal's decision, ruling that handloom weavers co-operative societies qualified as cottage industries under Section 80P(2)(a)(ii) of the Income Tax Act, 1961. The Court emphasized that the benefits could not be denied based on an administrative circular and that as long as the assessees met the criteria of a cottage industry, they were entitled to the deduction, regardless of their size or workforce. The judgment favored the assessees, dismissing the Revenue's appeals and affirming their eligibility for the deduction. en-us Tue, 28 Oct 2014 00:00:00 +0530 Fri, 22 May 2015 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264799 The High Court upheld the Tribunal's decision, ruling that handloom weavers co-operative societies qualified as cottage industries under Section 80P(2)(a)(ii) of the Income Tax Act, 1961. The Court emphasized that the benefits could not be denied based on an administrative circular and that as long as the assessees met the criteria of a cottage industry, they were entitled to the deduction, regardless of their size or workforce. The judgment favored the assessees, dismissing the Revenue's appeals and affirming their eligibility for the deduction. Case-Laws Income Tax Tue, 28 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264799