https://www.taxtmi.com/caselaws?id=280783 The Tribunal upheld the first appellate authority's decision to allow the deduction under section 80IB, amounting to Rs. 45,70,969, rejecting the Assessing Officer's disallowance. The Tribunal considered the conversion of jumbo rolls of photographic films into smaller rolls as constituting manufacturing, following the Supreme Court precedent. It also found that the assessee met the requirement of employing 10 or more workers and maintained separate books of account for each unit. The Tribunal dismissed the Department's appeal, upholding the findings of the lower authorities. en-us Fri, 22 Mar 2013 00:00:00 +0530 Tue, 21 May 2019 10:03:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280783 The Tribunal upheld the first appellate authority's decision to allow the deduction under section 80IB, amounting to Rs. 45,70,969, rejecting the Assessing Officer's disallowance. The Tribunal considered the conversion of jumbo rolls of photographic films into smaller rolls as constituting manufacturing, following the Supreme Court precedent. It also found that the assessee met the requirement of employing 10 or more workers and maintained separate books of account for each unit. The Tribunal dismissed the Department's appeal, upholding the findings of the lower authorities. Case-Laws Income Tax Fri, 22 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280783