https://www.taxtmi.com/caselaws?id=177244 The Tribunal partially allowed the appeals for statistical purposes, directing the Assessing Officer to verify if the production was indeed "trial" or "commercial" during specific years. If proven as a "trial run," deductions under Sections 80I and 80HH were to be allowed. The initiation of penalty proceedings under Section 271(1)(c) was considered premature and rejected. The appellant failed to provide sufficient evidence to establish the new industrial undertaking, leading to the denial of deductions under Sections 80I and 80HH for the relevant assessment years. en-us Fri, 19 Sep 2014 00:00:00 +0530 Tue, 05 Jan 2016 22:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177244 The Tribunal partially allowed the appeals for statistical purposes, directing the Assessing Officer to verify if the production was indeed "trial" or "commercial" during specific years. If proven as a "trial run," deductions under Sections 80I and 80HH were to be allowed. The initiation of penalty proceedings under Section 271(1)(c) was considered premature and rejected. The appellant failed to provide sufficient evidence to establish the new industrial undertaking, leading to the denial of deductions under Sections 80I and 80HH for the relevant assessment years. Case-Laws Income Tax Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177244