https://www.taxtmi.com/caselaws?id=384333 The High Court clarified that income from selling boxes for electric meters qualifies for deduction under Section 80IB/IC, even if not directly related to manufacturing electric meters. The court found that questions on service income and apportionment of expenses were not relevant based on concurrent findings. The court scheduled appeals for a hearing and directed parties to file brief synopses, providing a detailed analysis on the issues raised regarding deductions and allowances under the Income Tax Act. en-us Wed, 07 Aug 2019 00:00:00 +0530 Mon, 12 Aug 2019 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384333 The High Court clarified that income from selling boxes for electric meters qualifies for deduction under Section 80IB/IC, even if not directly related to manufacturing electric meters. The court found that questions on service income and apportionment of expenses were not relevant based on concurrent findings. The court scheduled appeals for a hearing and directed parties to file brief synopses, providing a detailed analysis on the issues raised regarding deductions and allowances under the Income Tax Act. Case-Laws Income Tax Wed, 07 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384333