https://www.taxtmi.com/caselaws?id=280303 The tribunal upheld the Assessing Officer's decision to disallow the Section 80IC deduction claim for manufacturing "pan masala" due to its inclusion in the negative list of the Thirteenth Schedule. The appellant's activities were deemed as manufacturing, but the product's categorization under the Income Tax Act rendered it ineligible for the deduction. The tribunal emphasized strict interpretation of exemption provisions, leading to the denial of the deduction claim for the lead assessment year 2007-08 and subsequent years. en-us Fri, 31 Aug 2018 00:00:00 +0530 Tue, 30 Apr 2019 06:04:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280303 The tribunal upheld the Assessing Officer's decision to disallow the Section 80IC deduction claim for manufacturing "pan masala" due to its inclusion in the negative list of the Thirteenth Schedule. The appellant's activities were deemed as manufacturing, but the product's categorization under the Income Tax Act rendered it ineligible for the deduction. The tribunal emphasized strict interpretation of exemption provisions, leading to the denial of the deduction claim for the lead assessment year 2007-08 and subsequent years. Case-Laws Income Tax Fri, 31 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280303