Assessee Must Prove Genuine Manufacturing Activity for Section 10AA Deductions; Consistency Rule Needs Unchanged Facts Over Years.

Assessee Must Prove Genuine Manufacturing Activity for Section 10AA Deductions; Consistency Rule Needs Unchanged Facts Over Years. https://www.taxtmi.com/highlights?id=50374 Deduction u/s 10AA - genuineness of the manufacturing activity - The assessee is expected to substantiate its claim in each of the year. The rule of consistency would be applicable only in cases where the factual matrix is demonstrated to be substantially the same. en-us Mon, 25 Nov 2019 10:26:02 +0530 Mon, 25 Nov 2019 10:26:02 +0530 TaxTMI RSS Generator Assessee Must Prove Genuine Manufacturing Activity for Section 10AA Deductions; Consistency Rule Needs Unchanged Facts Over Years. https://www.taxtmi.com/highlights?id=50374 Deduction u/s 10AA - genuineness of the manufacturing activity - The assessee is expected to substantiate its claim in each of the year. The rule of consistency would be applicable only in cases where the factual matrix is demonstrated to be substantially the same. Highlights Income Tax Mon, 25 Nov 2019 10:26:02 +0530 https://www.taxtmi.com/highlights?id=50374