https://www.taxtmi.com/caselaws?id=179796 Deduction under section 80IB depends on lawful commencement of manufacturing and actual commercial production within the statutory timeframe, so factory licensing compliance may require factual verification before relief is granted. A disallowance under section 40(a)(ia) can increase the profits of the eligible undertaking and, on the reasoning noted, may be included in the section 80IB computation subject to TDS verification. By contrast, an addition of unexplained unsecured loan or cash credit under section 68 is treated as deemed income and not as profit derived from the eligible undertaking, so it does not qualify for section 80IB deduction. en-us Wed, 31 Jul 2013 00:00:00 +0530 Wed, 09 Mar 2016 18:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179796 Deduction under section 80IB depends on lawful commencement of manufacturing and actual commercial production within the statutory timeframe, so factory licensing compliance may require factual verification before relief is granted. A disallowance under section 40(a)(ia) can increase the profits of the eligible undertaking and, on the reasoning noted, may be included in the section 80IB computation subject to TDS verification. By contrast, an addition of unexplained unsecured loan or cash credit under section 68 is treated as deemed income and not as profit derived from the eligible undertaking, so it does not qualify for section 80IB deduction. Case-Laws Income Tax Wed, 31 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179796