https://www.taxtmi.com/caselaws?id=345981 Deduction under section 80IB was upheld where the Tribunal found no factual basis to treat the business as a split-up or reconstruction of an existing concern, and the genuineness of purchases and sales remained a finding of fact. Interest income was also treated as eligible for deduction under section 80IB, following the earlier year's view. An addition based on a confessional statement in a MCOCA matter was deleted because the statement was not confronted to the assessee and no corroborative evidence showed actual payment or transfer of funds. On these facts, no substantial question of law arose from the Tribunal's order. en-us Wed, 26 Jul 2017 00:00:00 +0530 Tue, 01 Aug 2017 09:07:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345981 Deduction under section 80IB was upheld where the Tribunal found no factual basis to treat the business as a split-up or reconstruction of an existing concern, and the genuineness of purchases and sales remained a finding of fact. Interest income was also treated as eligible for deduction under section 80IB, following the earlier year's view. An addition based on a confessional statement in a MCOCA matter was deleted because the statement was not confronted to the assessee and no corroborative evidence showed actual payment or transfer of funds. On these facts, no substantial question of law arose from the Tribunal's order. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345981