https://www.taxtmi.com/caselaws?id=330720 The Court upheld the ITAT's decisions in favor of the assessee on all issues. It confirmed the deduction u/s.80-IA, emphasizing the presence of a manufacturing unit and compliance with tax regulations. Additionally, it supported the deletion of specific additions based on substantial evidence from late inspections. The Court also upheld the disallowance deletion concerning 'incentive income,' noting the consistency in allowing deductions in previous years. The assessee's compliance with statutory conditions, evidence reliance by the Tribunal, and past deduction application led to the dismissal of the revenue's appeals. en-us Fri, 22 Jul 2016 00:00:00 +0530 Thu, 04 Aug 2016 11:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330720 The Court upheld the ITAT's decisions in favor of the assessee on all issues. It confirmed the deduction u/s.80-IA, emphasizing the presence of a manufacturing unit and compliance with tax regulations. Additionally, it supported the deletion of specific additions based on substantial evidence from late inspections. The Court also upheld the disallowance deletion concerning 'incentive income,' noting the consistency in allowing deductions in previous years. The assessee's compliance with statutory conditions, evidence reliance by the Tribunal, and past deduction application led to the dismissal of the revenue's appeals. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330720