https://www.taxtmi.com/caselaws?id=328885 The tribunal found that the assessee's activities qualified as manufacturing or processing under Section 80-IC of the Income-tax Act, making them eligible for deduction. The CIT's order was deemed invalid as it did not establish that the original assessment was erroneous or prejudicial to the Revenue. Consequently, the tribunal quashed the CIT's order and restored the original assessment order, ruling in favor of the assessee. The appeal was allowed, and the original assessment order was reinstated on 14.06.2016. en-us Tue, 14 Jun 2016 00:00:00 +0530 Fri, 17 Jun 2016 09:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328885 The tribunal found that the assessee's activities qualified as manufacturing or processing under Section 80-IC of the Income-tax Act, making them eligible for deduction. The CIT's order was deemed invalid as it did not establish that the original assessment was erroneous or prejudicial to the Revenue. Consequently, the tribunal quashed the CIT's order and restored the original assessment order, ruling in favor of the assessee. The appeal was allowed, and the original assessment order was reinstated on 14.06.2016. Case-Laws Income Tax Tue, 14 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328885