https://www.taxtmi.com/caselaws?id=325086 The Tribunal upheld the CIT (A)'s decision, allowing the deduction under section 80-IC on rent income, considering freezing charges as part of the processing activity. The Tribunal emphasized the direct nexus of freezing charges to the industrial undertaking, making it eligible for the deduction. The appeal of the revenue was dismissed, and the order was pronounced in favor of the assessee on 28.01.2016. en-us Thu, 28 Jan 2016 00:00:00 +0530 Thu, 10 Mar 2016 08:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325086 The Tribunal upheld the CIT (A)'s decision, allowing the deduction under section 80-IC on rent income, considering freezing charges as part of the processing activity. The Tribunal emphasized the direct nexus of freezing charges to the industrial undertaking, making it eligible for the deduction. The appeal of the revenue was dismissed, and the order was pronounced in favor of the assessee on 28.01.2016. Case-Laws Income Tax Thu, 28 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325086