https://www.taxtmi.com/caselaws?id=179619 The appeals challenging the assessment under Section 153A of the IT Act were dismissed, confirming the validity of the assessment. Denial of claim under Section 80-IB due to insufficient workers was overturned as the attendance register inaccurately reflected the workforce. Property income computation under Section 22 was in favor of the assessee, rejecting the AO's position. The Tribunal ruled against the levy of interest under Section 234B where no original assessment under Section 143(1) existed. Interest under Section 234D was upheld for regular assessments post-June 2003. Relief under Section 80-IB was granted as manufacturing activities were deemed eligible, leading to the dismissal of Revenue's appeals and partial allowance for assessees. en-us Wed, 14 May 2008 00:00:00 +0530 Sat, 05 Mar 2016 16:20:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179619 The appeals challenging the assessment under Section 153A of the IT Act were dismissed, confirming the validity of the assessment. Denial of claim under Section 80-IB due to insufficient workers was overturned as the attendance register inaccurately reflected the workforce. Property income computation under Section 22 was in favor of the assessee, rejecting the AO's position. The Tribunal ruled against the levy of interest under Section 234B where no original assessment under Section 143(1) existed. Interest under Section 234D was upheld for regular assessments post-June 2003. Relief under Section 80-IB was granted as manufacturing activities were deemed eligible, leading to the dismissal of Revenue's appeals and partial allowance for assessees. Case-Laws Income Tax Wed, 14 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179619