https://www.taxtmi.com/caselaws?id=337547 The Court upheld the decision of the Tribunal and CIT(A) allowing the Assessee's claim for deduction under Section 80IC of the Income Tax Act, considering the manufacturing activities of the Assessee in producing auto accessories. The Court found that the processes involved in producing the goods amounted to manufacturing, distinguishing them from mere assembling activities. The Court deemed the concurrent findings of the lower authorities as reasonable and not warranting interference, leading to the dismissal of the Revenue's appeals without costs. en-us Mon, 24 Oct 2016 00:00:00 +0530 Wed, 11 Jan 2017 07:26:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337547 The Court upheld the decision of the Tribunal and CIT(A) allowing the Assessee's claim for deduction under Section 80IC of the Income Tax Act, considering the manufacturing activities of the Assessee in producing auto accessories. The Court found that the processes involved in producing the goods amounted to manufacturing, distinguishing them from mere assembling activities. The Court deemed the concurrent findings of the lower authorities as reasonable and not warranting interference, leading to the dismissal of the Revenue's appeals without costs. Case-Laws Income Tax Mon, 24 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337547