https://www.taxtmi.com/caselaws?id=370985 The Tribunal upheld the assessee's eligibility for deduction under section 80IC, confirming that their products did not fall under the prohibited category in the Thirteenth Schedule. It also validated the commencement of manufacturing activities in March 2010, deleted the disallowed deduction amount, and allowed the carry forward of business losses and unabsorbed depreciation. The Tribunal dismissed the revenue's appeal and affirmed the CIT(A)'s decision. en-us Thu, 22 Nov 2018 00:00:00 +0530 Tue, 27 Nov 2018 06:39:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370985 The Tribunal upheld the assessee's eligibility for deduction under section 80IC, confirming that their products did not fall under the prohibited category in the Thirteenth Schedule. It also validated the commencement of manufacturing activities in March 2010, deleted the disallowed deduction amount, and allowed the carry forward of business losses and unabsorbed depreciation. The Tribunal dismissed the revenue's appeal and affirmed the CIT(A)'s decision. Case-Laws Income Tax Thu, 22 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370985