https://www.taxtmi.com/caselaws?id=280204 The Tribunal upheld the CIT (A)'s decision to delete the deduction u/s 80IC based on inflated purchases, stating that disallowing inflated purchases did not affect the assessee's income eligibility for exemption u/s 80IC. Additionally, the Tribunal confirmed that the disallowance under section 40(a)(ia) did not impact the assessee's eligibility for the deduction u/s 80IC. The appeal filed by the Revenue was dismissed, affirming the decisions made by the lower authorities. en-us Mon, 10 Sep 2018 00:00:00 +0530 Thu, 25 Apr 2019 06:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280204 The Tribunal upheld the CIT (A)'s decision to delete the deduction u/s 80IC based on inflated purchases, stating that disallowing inflated purchases did not affect the assessee's income eligibility for exemption u/s 80IC. Additionally, the Tribunal confirmed that the disallowance under section 40(a)(ia) did not impact the assessee's eligibility for the deduction u/s 80IC. The appeal filed by the Revenue was dismissed, affirming the decisions made by the lower authorities. Case-Laws Income Tax Mon, 10 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280204