https://www.taxtmi.com/caselaws?id=266150 The tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision, granting the assessee the deduction under section 80IC(2)a(ii) for the assessment year 2007-08. The tribunal found that the assessee's activities, involving manufacturing and selling customized electronics parts, software, and hardware tailored to industrial needs, qualified for the deduction. Emphasizing the transformative nature of the operations and the distinction between inputs and outputs, the tribunal relied on the decision in CIT vs. Oracle Software India Ltd. to support its ruling. en-us Tue, 02 Jun 2015 00:00:00 +0530 Tue, 14 Jul 2015 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266150 The tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s decision, granting the assessee the deduction under section 80IC(2)a(ii) for the assessment year 2007-08. The tribunal found that the assessee's activities, involving manufacturing and selling customized electronics parts, software, and hardware tailored to industrial needs, qualified for the deduction. Emphasizing the transformative nature of the operations and the distinction between inputs and outputs, the tribunal relied on the decision in CIT vs. Oracle Software India Ltd. to support its ruling. Case-Laws Income Tax Tue, 02 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266150