https://www.taxtmi.com/caselaws?id=175719 The High Court upheld the Tribunal's decision that the assessed is entitled to the benefit of deduction under Section 80-IA for processing charges received. The Court found that the assessing authority's denial of the benefit was unjustified as the assessed's activity constituted manufacturing regardless of whether it was for its own business or for others on a job work basis. Additionally, the Court noted the lack of evidence before the Assessing Officer to support the claim that the assessed unit was not engaged in manufacturing activity. The appeal was dismissed, affirming the assessed's entitlement to the deduction under Section 80-IA. en-us Mon, 28 Feb 2005 00:00:00 +0530 Thu, 03 Dec 2015 16:37:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175719 The High Court upheld the Tribunal's decision that the assessed is entitled to the benefit of deduction under Section 80-IA for processing charges received. The Court found that the assessing authority's denial of the benefit was unjustified as the assessed's activity constituted manufacturing regardless of whether it was for its own business or for others on a job work basis. Additionally, the Court noted the lack of evidence before the Assessing Officer to support the claim that the assessed unit was not engaged in manufacturing activity. The appeal was dismissed, affirming the assessed's entitlement to the deduction under Section 80-IA. Case-Laws Income Tax Mon, 28 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175719