https://www.taxtmi.com/caselaws?id=277770 The Revenue's appeal challenging the disallowance of deduction under section 10A for Unit 4 was dismissed by the ITAT. The CIT-A's decision to allow the deduction was upheld based on the initiation of production before obtaining the bonded warehouse license, consistent with previous ITAT rulings. The ITAT found the CIT-A's order well-reasoned and aligned with legal provisions, dismissing the Revenue's appeal and affirming the deduction for Unit 4 under section 10A. The judgment underscores the significance of meeting statutory conditions and precedent in tax assessments. en-us Mon, 31 Jul 2017 00:00:00 +0530 Sat, 22 Dec 2018 06:04:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277770 The Revenue's appeal challenging the disallowance of deduction under section 10A for Unit 4 was dismissed by the ITAT. The CIT-A's decision to allow the deduction was upheld based on the initiation of production before obtaining the bonded warehouse license, consistent with previous ITAT rulings. The ITAT found the CIT-A's order well-reasoned and aligned with legal provisions, dismissing the Revenue's appeal and affirming the deduction for Unit 4 under section 10A. The judgment underscores the significance of meeting statutory conditions and precedent in tax assessments. Case-Laws Income Tax Mon, 31 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277770