https://www.taxtmi.com/caselaws?id=174703 The Tribunal dismissed the appeal against the order of the Income Tax Appellate Tribunal for Assessment Year 2005-2006, upholding the applicability of section 80IB of the Income Tax Act. It found that the manufacturing process of galvanized steel tapes and cold Rolled (CR) strips qualified for the benefits under the Act. The Tribunal determined that the Commissioner of Income Tax erred in setting aside the Assessing Officer's order under section 263, as the manufacturing process resulted in a new product and met the criteria for the tax benefits. The appeal was dismissed without costs. en-us Thu, 19 Apr 2012 00:00:00 +0530 Thu, 15 Oct 2015 12:56:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174703 The Tribunal dismissed the appeal against the order of the Income Tax Appellate Tribunal for Assessment Year 2005-2006, upholding the applicability of section 80IB of the Income Tax Act. It found that the manufacturing process of galvanized steel tapes and cold Rolled (CR) strips qualified for the benefits under the Act. The Tribunal determined that the Commissioner of Income Tax erred in setting aside the Assessing Officer's order under section 263, as the manufacturing process resulted in a new product and met the criteria for the tax benefits. The appeal was dismissed without costs. Case-Laws Income Tax Thu, 19 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174703