https://www.taxtmi.com/caselaws?id=361222 The Tribunal upheld the CIT-(A)'s decision to delete the addition of Rs. 86,59,086 by the Assessing Officer, allowing the deduction under section 80-IC due to sufficient evidence proving the existence of the manufacturing unit. Despite poor electricity consumption, the Tribunal found the explanation provided by the assessee regarding the nature of the business to be reasonable, dismissing the Revenue's grounds. The Tribunal also noted that the Revenue did not challenge whether software development constituted manufacturing. The appeal of the Revenue was dismissed, and the decision was pronounced on October 6, 2017. en-us Fri, 06 Oct 2017 00:00:00 +0530 Sat, 02 Jun 2018 12:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361222 The Tribunal upheld the CIT-(A)'s decision to delete the addition of Rs. 86,59,086 by the Assessing Officer, allowing the deduction under section 80-IC due to sufficient evidence proving the existence of the manufacturing unit. Despite poor electricity consumption, the Tribunal found the explanation provided by the assessee regarding the nature of the business to be reasonable, dismissing the Revenue's grounds. The Tribunal also noted that the Revenue did not challenge whether software development constituted manufacturing. The appeal of the Revenue was dismissed, and the decision was pronounced on October 6, 2017. Case-Laws Income Tax Fri, 06 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361222