https://www.taxtmi.com/caselaws?id=270572 The Tribunal remitted the matter to the Assessing Officer to determine the net income from freight charges eligible for deduction under Section 80-IB(4) of the Income Tax Act, emphasizing that only income directly linked to manufacturing activities, not incidental income, qualifies for the benefit. The Tribunal rejected the Assessee's challenge on interest charges under Sections 234B & 234C, deeming them as consequential, and partly allowed the appeal for statistical purposes. en-us Fri, 20 Nov 2015 00:00:00 +0530 Sat, 09 Jan 2016 17:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270572 The Tribunal remitted the matter to the Assessing Officer to determine the net income from freight charges eligible for deduction under Section 80-IB(4) of the Income Tax Act, emphasizing that only income directly linked to manufacturing activities, not incidental income, qualifies for the benefit. The Tribunal rejected the Assessee's challenge on interest charges under Sections 234B & 234C, deeming them as consequential, and partly allowed the appeal for statistical purposes. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270572