https://www.taxtmi.com/caselaws?id=376617 The Tribunal partly allowed the appeals, granting the deduction for subsidies under Section 80IB based on the Supreme Court's interpretation. The issue of alleged bogus purchases was remitted back to the Assessing Officer for further examination due to lack of opportunity for reconciliation. However, the claims for other income and lease rent deductions under Section 80IB were dismissed as not pressed and lacking a direct nexus with manufacturing or production activities, respectively. en-us Fri, 01 Mar 2019 00:00:00 +0530 Wed, 13 Mar 2019 09:16:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376617 The Tribunal partly allowed the appeals, granting the deduction for subsidies under Section 80IB based on the Supreme Court's interpretation. The issue of alleged bogus purchases was remitted back to the Assessing Officer for further examination due to lack of opportunity for reconciliation. However, the claims for other income and lease rent deductions under Section 80IB were dismissed as not pressed and lacking a direct nexus with manufacturing or production activities, respectively. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376617