https://www.taxtmi.com/caselaws?id=199793 The Tribunal upheld the CIT(A)'s decisions, ruling in favor of the assessee on both issues. It confirmed the entitlement to deduction under Section 80IC of the Income Tax Act, 1961, emphasizing the integral nature of the manufacturing activities despite the AO's initial denial. Additionally, the Tribunal allowed the depreciation claim on machinery, accepting the transfer to another unit and previous investment as valid grounds. The importance of consistency in tax assessments and considering the nature of the assessee's activities was highlighted in the Tribunal's decision. en-us Mon, 30 Aug 2010 00:00:00 +0530 Tue, 13 Mar 2018 12:04:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199793 The Tribunal upheld the CIT(A)'s decisions, ruling in favor of the assessee on both issues. It confirmed the entitlement to deduction under Section 80IC of the Income Tax Act, 1961, emphasizing the integral nature of the manufacturing activities despite the AO's initial denial. Additionally, the Tribunal allowed the depreciation claim on machinery, accepting the transfer to another unit and previous investment as valid grounds. The importance of consistency in tax assessments and considering the nature of the assessee's activities was highlighted in the Tribunal's decision. Case-Laws Income Tax Mon, 30 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199793