https://www.taxtmi.com/caselaws?id=179003 The Tribunal upheld the CIT(A)'s decision to grant the deduction under Section 80IB, emphasizing that the commencement of manufacturing activities before the specified date is crucial. The delay in obtaining the factory license was deemed a technicality that does not affect eligibility for the deduction. The Tribunal's ruling aligned with precedents from the Hon'ble Gujarat High Court and the Hon'ble Bombay High Court, highlighting that technical lapses in obtaining licenses should not disqualify an assessee from claiming deductions if the primary conditions of the Income Tax Act are satisfied. en-us Mon, 31 Mar 2014 00:00:00 +0530 Thu, 18 Feb 2016 07:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179003 The Tribunal upheld the CIT(A)'s decision to grant the deduction under Section 80IB, emphasizing that the commencement of manufacturing activities before the specified date is crucial. The delay in obtaining the factory license was deemed a technicality that does not affect eligibility for the deduction. The Tribunal's ruling aligned with precedents from the Hon'ble Gujarat High Court and the Hon'ble Bombay High Court, highlighting that technical lapses in obtaining licenses should not disqualify an assessee from claiming deductions if the primary conditions of the Income Tax Act are satisfied. Case-Laws Income Tax Mon, 31 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179003