https://www.taxtmi.com/caselaws?id=331122 The tribunal upheld the denial of deduction under Section 80IA of the Income Tax Act, 1961, and the adoption of 5% of the income as business income. The assessee failed to meet the conditions for the deduction, including employing 10 or more workers in the manufacturing process and proving software development. The tribunal found the activities did not qualify as manufacturing under Section 80IA. The appeal was dismissed, affirming the AO's decision to reject the deduction claim and treat 95% of the income as undisclosed. en-us Tue, 09 Aug 2016 00:00:00 +0530 Fri, 12 Aug 2016 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331122 The tribunal upheld the denial of deduction under Section 80IA of the Income Tax Act, 1961, and the adoption of 5% of the income as business income. The assessee failed to meet the conditions for the deduction, including employing 10 or more workers in the manufacturing process and proving software development. The tribunal found the activities did not qualify as manufacturing under Section 80IA. The appeal was dismissed, affirming the AO's decision to reject the deduction claim and treat 95% of the income as undisclosed. Case-Laws Income Tax Tue, 09 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331122