https://www.taxtmi.com/caselaws?id=378923 The Tribunal upheld the Revenue's appeal, disallowing the assessee's section 80IC deduction claim for pan masala manufacturing due to its inclusion in the negative list and failure to meet the manufacturing criteria. However, the Tribunal allowed the deduction claim for wristwatches as part of the assessee's brought forward stock. The Revenue's appeal was partly allowed, reinstating the disallowance of the section 80IC deduction for pan masala manufacturing. en-us Fri, 25 Jan 2019 00:00:00 +0530 Wed, 24 Apr 2019 09:12:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378923 The Tribunal upheld the Revenue's appeal, disallowing the assessee's section 80IC deduction claim for pan masala manufacturing due to its inclusion in the negative list and failure to meet the manufacturing criteria. However, the Tribunal allowed the deduction claim for wristwatches as part of the assessee's brought forward stock. The Revenue's appeal was partly allowed, reinstating the disallowance of the section 80IC deduction for pan masala manufacturing. Case-Laws Income Tax Fri, 25 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378923