https://www.taxtmi.com/caselaws?id=185777 The court ruled in favor of the petitioner, a manufacturing concern, regarding the claim for deduction under section 10B of the Income Tax Act. The court found that the petitioner was eligible for the deduction as a manufacturer establishing a new unit and had provided all relevant materials for assessment. The court also determined that there was no justification for reopening assessments based on alleged concealment of facts or the age of machinery used in manufacturing. The notices issued under section 148 were quashed due to the absence of disputed facts and lack of grounds for challenging the previously allowed deductions. en-us Fri, 11 Apr 2008 00:00:00 +0530 Sat, 27 Aug 2016 12:09:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185777 The court ruled in favor of the petitioner, a manufacturing concern, regarding the claim for deduction under section 10B of the Income Tax Act. The court found that the petitioner was eligible for the deduction as a manufacturer establishing a new unit and had provided all relevant materials for assessment. The court also determined that there was no justification for reopening assessments based on alleged concealment of facts or the age of machinery used in manufacturing. The notices issued under section 148 were quashed due to the absence of disputed facts and lack of grounds for challenging the previously allowed deductions. Case-Laws Income Tax Fri, 11 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185777