https://www.taxtmi.com/caselaws?id=356447 The Court upheld the assessee's entitlement to claim deductions under Sections 80HH and 80I of the Income Tax Act for profits derived from processing cashew in factories owned by outsiders. It was determined that the profits from processing activities in sister concerns' factories were directly related to the assessee's business, allowing the deduction for both assessment years. The appeals were rejected, with the option to contest the penalty imposition separately. en-us Mon, 19 Feb 2018 00:00:00 +0530 Thu, 19 Jul 2018 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356447 The Court upheld the assessee's entitlement to claim deductions under Sections 80HH and 80I of the Income Tax Act for profits derived from processing cashew in factories owned by outsiders. It was determined that the profits from processing activities in sister concerns' factories were directly related to the assessee's business, allowing the deduction for both assessment years. The appeals were rejected, with the option to contest the penalty imposition separately. Case-Laws Income Tax Mon, 19 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356447