https://www.taxtmi.com/caselaws?id=389947 The Court dismissed the appeal in favor of the assessee regarding the interpretation of Sections 10B(2)(ii) and 10B(2)(iii) of the Income Tax Act on manufacturing activity, as it was settled by a prior judgment. The Court also declined to address the calculation of allowable loss percentage under the Act, stating it was a factual rather than a legal issue. Consequently, the appeal was dismissed on both grounds. en-us Wed, 27 Nov 2019 00:00:00 +0530 Thu, 19 Dec 2019 19:26:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389947 The Court dismissed the appeal in favor of the assessee regarding the interpretation of Sections 10B(2)(ii) and 10B(2)(iii) of the Income Tax Act on manufacturing activity, as it was settled by a prior judgment. The Court also declined to address the calculation of allowable loss percentage under the Act, stating it was a factual rather than a legal issue. Consequently, the appeal was dismissed on both grounds. Case-Laws Income Tax Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389947