https://www.taxtmi.com/caselaws?id=365257 The High Court dismissed the appeal against the Income Tax Appellate Tribunal's decision regarding deduction under Section 80 IB of the Income Tax Act for Assessment Year 2004-05. The court found that the Appellants did not exercise direct supervision and control over the manufacturing process of electronic computer products, as required by the Act. Due to insufficient evidence of control and supervision, including lack of documentation and involvement in outsourcing manufacturing, the court ruled in favor of the Revenue, denying the Appellants' claim for the deduction. en-us Fri, 10 Aug 2018 00:00:00 +0530 Mon, 13 Aug 2018 06:12:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365257 The High Court dismissed the appeal against the Income Tax Appellate Tribunal's decision regarding deduction under Section 80 IB of the Income Tax Act for Assessment Year 2004-05. The court found that the Appellants did not exercise direct supervision and control over the manufacturing process of electronic computer products, as required by the Act. Due to insufficient evidence of control and supervision, including lack of documentation and involvement in outsourcing manufacturing, the court ruled in favor of the Revenue, denying the Appellants' claim for the deduction. Case-Laws Income Tax Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365257