https://www.taxtmi.com/caselaws?id=345981 The court dismissed the appeal, finding no substantial questions of law based on the presented arguments and evidence. The appellant's claims regarding deductions under section 80IB for business setup by splitting/reconstruction, alleged bogus transactions, interest income not derived from manufacturing, and addition of business receipts based on a confessional statement under the MOCA Act were all dismissed due to lack of new business in the relevant assessment year, previous acceptance of similar claims, past rulings in favor of the assessee, and insufficient legal grounds. 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 The court dismissed the appeal, finding no substantial questions of law based on the presented arguments and evidence. The appellant's claims regarding deductions under section 80IB for business setup by splitting/reconstruction, alleged bogus transactions, interest income not derived from manufacturing, and addition of business receipts based on a confessional statement under the MOCA Act were all dismissed due to lack of new business in the relevant assessment year, previous acceptance of similar claims, past rulings in favor of the assessee, and insufficient legal grounds. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345981