https://www.taxtmi.com/caselaws?id=338527 The Court ruled in favor of the appellant, allowing the deduction claim under section 80-IC of the Income-tax Act, 1961. The appellant, engaged in manufacturing stone crushing plants, successfully argued that income from service and erection charges is directly connected to manufacturing income and qualifies for the deduction. The Court emphasized a liberal interpretation of the provision to promote industrial growth and distinguished the appellant's activities from mere servicing of others' machinery. The appeal was allowed, with each party bearing its own costs. en-us Tue, 08 Nov 2016 00:00:00 +0530 Mon, 06 Feb 2017 11:18:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338527 The Court ruled in favor of the appellant, allowing the deduction claim under section 80-IC of the Income-tax Act, 1961. The appellant, engaged in manufacturing stone crushing plants, successfully argued that income from service and erection charges is directly connected to manufacturing income and qualifies for the deduction. The Court emphasized a liberal interpretation of the provision to promote industrial growth and distinguished the appellant's activities from mere servicing of others' machinery. The appeal was allowed, with each party bearing its own costs. Case-Laws Income Tax Tue, 08 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338527