https://www.taxtmi.com/caselaws?id=188684 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, allowing the assessee's exemption claim under section 10BA for engaging in substantial manufacturing activities. The department's appeal against the exemption was dismissed, as the Tribunal found the assessee met the conditions specified under section 10BA. Additionally, the disallowance of belated deposit of employees' contribution was deleted by the CIT(A) and upheld by the Tribunal, citing the Supreme Court's ruling in Vinay Cement Ltd. The Tribunal dismissed both the department's appeals and the assessee's cross-objections, affirming the CIT(A)'s findings on all issues. en-us Thu, 14 Jul 2011 00:00:00 +0530 Mon, 12 Dec 2016 17:18:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188684 The Tribunal upheld the Commissioner of Income Tax (Appeals) decision, allowing the assessee's exemption claim under section 10BA for engaging in substantial manufacturing activities. The department's appeal against the exemption was dismissed, as the Tribunal found the assessee met the conditions specified under section 10BA. Additionally, the disallowance of belated deposit of employees' contribution was deleted by the CIT(A) and upheld by the Tribunal, citing the Supreme Court's ruling in Vinay Cement Ltd. The Tribunal dismissed both the department's appeals and the assessee's cross-objections, affirming the CIT(A)'s findings on all issues. Case-Laws Income Tax Thu, 14 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188684