https://www.taxtmi.com/caselaws?id=329856 The High Court of Gujarat upheld the Tribunal's decisions in favor of the assessee on the issues raised in the appeal. The Court ruled that the assessee was engaged in manufacturing activities and was entitled to deductions under Sections 32A, 80HH, and 80I of the Income Tax Act. Additionally, the Court rejected the Assessing Officer's claim that the interest on loans was fictitious, emphasizing that the issue was factual and did not warrant interference. en-us Mon, 04 Jul 2016 00:00:00 +0530 Mon, 11 Jul 2016 13:41:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329856 The High Court of Gujarat upheld the Tribunal's decisions in favor of the assessee on the issues raised in the appeal. The Court ruled that the assessee was engaged in manufacturing activities and was entitled to deductions under Sections 32A, 80HH, and 80I of the Income Tax Act. Additionally, the Court rejected the Assessing Officer's claim that the interest on loans was fictitious, emphasizing that the issue was factual and did not warrant interference. Case-Laws Income Tax Mon, 04 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329856