https://www.taxtmi.com/caselaws?id=381673 The High Court upheld the Tribunal's decision favoring the assessee, affirming their entitlement to deductions under Section 80IB of the Income Tax Act. The Court found the assessee engaged in manufacturing activities, supported by documentation, and concluded that the product was a distinct commodity, justifying the claim. Additionally, the Court ruled in favor of the assessee regarding the denial of the claim under Section 43B, citing the payment of excise duty and CENVAT credit. The Court also held that the violation of natural justice principles did not prejudice the assessee. The Revenue's appeal was dismissed, and no costs were awarded. en-us Mon, 03 Jun 2019 00:00:00 +0530 Mon, 17 Jun 2019 07:12:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381673 The High Court upheld the Tribunal's decision favoring the assessee, affirming their entitlement to deductions under Section 80IB of the Income Tax Act. The Court found the assessee engaged in manufacturing activities, supported by documentation, and concluded that the product was a distinct commodity, justifying the claim. Additionally, the Court ruled in favor of the assessee regarding the denial of the claim under Section 43B, citing the payment of excise duty and CENVAT credit. The Court also held that the violation of natural justice principles did not prejudice the assessee. The Revenue's appeal was dismissed, and no costs were awarded. Case-Laws Income Tax Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381673