https://www.taxtmi.com/caselaws?id=273900 The court ruled in favor of the department, denying the appellant's claim for deduction under Section 10B in the 11th assessment year. Emphasizing the importance of timely declarations and adherence to statutory requirements, the court highlighted that the benefit of deduction starts from the manufacturing date, not subsequent years. It upheld the requirement of a valid declaration under Section 10B(8) before the return filing date, rejecting any post-return submissions. By applying relevant judicial precedents and interpreting tax laws strictly, the court dismissed the appeals and supported the department's position. en-us Wed, 13 Dec 2017 00:00:00 +0530 Thu, 19 Jul 2018 05:59:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273900 The court ruled in favor of the department, denying the appellant's claim for deduction under Section 10B in the 11th assessment year. Emphasizing the importance of timely declarations and adherence to statutory requirements, the court highlighted that the benefit of deduction starts from the manufacturing date, not subsequent years. It upheld the requirement of a valid declaration under Section 10B(8) before the return filing date, rejecting any post-return submissions. By applying relevant judicial precedents and interpreting tax laws strictly, the court dismissed the appeals and supported the department's position. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273900