https://www.taxtmi.com/caselaws?id=374695 The Court upheld the ITAT's decision to disallow the deduction under Section 80-IC for the appellant due to discrepancies in machinery transfer and lack of evidence of manufacturing activities at the Selaqui unit. The ITAT also rejected the claim for exemption under Section 80-IC based on doubts regarding machinery transfer and insufficient proof of manufacturing activities. The Court dismissed the appeal, emphasizing the thorough analysis by the ITAT and the lack of unreasonable grounds for intervention. en-us Mon, 28 Jan 2019 00:00:00 +0530 Wed, 06 Feb 2019 09:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374695 The Court upheld the ITAT's decision to disallow the deduction under Section 80-IC for the appellant due to discrepancies in machinery transfer and lack of evidence of manufacturing activities at the Selaqui unit. The ITAT also rejected the claim for exemption under Section 80-IC based on doubts regarding machinery transfer and insufficient proof of manufacturing activities. The Court dismissed the appeal, emphasizing the thorough analysis by the ITAT and the lack of unreasonable grounds for intervention. Case-Laws Income Tax Mon, 28 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374695