https://www.taxtmi.com/caselaws?id=328245 The High Court partly allowed the appeal, directing the Tribunal to reconsider the disallowance of business promotion expenditure based on existing evidence. The court stressed the importance of evidence in tax assessments and the need to establish a clear link between incomes and eligible activities for deduction under Section 80IB of the Income Tax Act, 1961. The decision highlighted the lack of evidence connecting various incomes to manufacturing activities, leading to the affirmation of the Assessing Officer's decision on deduction eligibility. en-us Wed, 18 May 2016 00:00:00 +0530 Mon, 30 May 2016 16:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328245 The High Court partly allowed the appeal, directing the Tribunal to reconsider the disallowance of business promotion expenditure based on existing evidence. The court stressed the importance of evidence in tax assessments and the need to establish a clear link between incomes and eligible activities for deduction under Section 80IB of the Income Tax Act, 1961. The decision highlighted the lack of evidence connecting various incomes to manufacturing activities, leading to the affirmation of the Assessing Officer's decision on deduction eligibility. Case-Laws Income Tax Wed, 18 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328245