https://www.taxtmi.com/caselaws?id=341602 The Tribunal upheld the Ld. CIT(A)'s decision to allow deduction for third-party manufacturing under section 80IC of the Income-tax Act. The assessee's manufacturing for third parties, using its own raw materials and resources, qualified for the deduction despite the revenue's challenge based on raw materials supplied by third parties. The consistent treatment in subsequent assessment years and confirmation by the Assessing Officer supported the allowance of the deduction. The Tribunal dismissed the revenue's appeal, affirming the deduction for third-party manufacturing under section 80IC. en-us Mon, 10 Apr 2017 00:00:00 +0530 Thu, 13 Apr 2017 07:01:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341602 The Tribunal upheld the Ld. CIT(A)'s decision to allow deduction for third-party manufacturing under section 80IC of the Income-tax Act. The assessee's manufacturing for third parties, using its own raw materials and resources, qualified for the deduction despite the revenue's challenge based on raw materials supplied by third parties. The consistent treatment in subsequent assessment years and confirmation by the Assessing Officer supported the allowance of the deduction. The Tribunal dismissed the revenue's appeal, affirming the deduction for third-party manufacturing under section 80IC. Case-Laws Income Tax Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341602