https://www.taxtmi.com/caselaws?id=265316 The Tribunal dismissed the Revenue's appeal, upholding the ld. CIT(A)'s decisions on both issues. It found the disputed amounts, related to credit balance and liability written back, eligible for deduction under section 80IB as they were connected to industrial undertakings. The Tribunal emphasized that the appellant's transactions were linked to manufacturing activities and directly affected the cost of production, meeting the criteria for deduction under section 80IB of the Income-tax Act. en-us Thu, 27 Aug 2015 00:00:00 +0530 Sat, 10 Oct 2015 06:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265316 The Tribunal dismissed the Revenue's appeal, upholding the ld. CIT(A)'s decisions on both issues. It found the disputed amounts, related to credit balance and liability written back, eligible for deduction under section 80IB as they were connected to industrial undertakings. The Tribunal emphasized that the appellant's transactions were linked to manufacturing activities and directly affected the cost of production, meeting the criteria for deduction under section 80IB of the Income-tax Act. Case-Laws Income Tax Thu, 27 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265316