https://www.taxtmi.com/caselaws?id=373243 The Tribunal ruled in favor of the assessee, allowing the full deduction claimed under Section 80IB for the Salem Unit's profit and loss account. The disallowance made by the first appellate authority was overturned, confirming the eligibility of the claimed deduction amount. The Tribunal clarified that the sales figures did not represent consolidated sales of both units, making the second issue regarding turnover from outlets in other areas irrelevant. The Income Tax Appeal was dismissed without costs. en-us Fri, 14 Dec 2018 00:00:00 +0530 Wed, 09 Jan 2019 08:24:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373243 The Tribunal ruled in favor of the assessee, allowing the full deduction claimed under Section 80IB for the Salem Unit's profit and loss account. The disallowance made by the first appellate authority was overturned, confirming the eligibility of the claimed deduction amount. The Tribunal clarified that the sales figures did not represent consolidated sales of both units, making the second issue regarding turnover from outlets in other areas irrelevant. The Income Tax Appeal was dismissed without costs. Case-Laws Income Tax Fri, 14 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373243