https://www.taxtmi.com/caselaws?id=367429 The Tribunal ruled in favor of the appellant concerning the deduction issue under section 80IC for substantial expansion, aligning with the High Court's decision. The Tribunal directed the Assessing Officer to grant 100% deduction for the profit derived from manufacturing activities due to substantial expansion. On the matter of the addition of interest amount, the Tribunal remanded the issue to the Assessing Officer for further examination to determine the link between interest income and expenditure for potential set off. en-us Wed, 01 Aug 2018 00:00:00 +0530 Thu, 20 Sep 2018 08:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367429 The Tribunal ruled in favor of the appellant concerning the deduction issue under section 80IC for substantial expansion, aligning with the High Court's decision. The Tribunal directed the Assessing Officer to grant 100% deduction for the profit derived from manufacturing activities due to substantial expansion. On the matter of the addition of interest amount, the Tribunal remanded the issue to the Assessing Officer for further examination to determine the link between interest income and expenditure for potential set off. Case-Laws Income Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367429