https://www.taxtmi.com/caselaws?id=392977 The Tribunal upheld the deletion of the addition made by the AO regarding the disallowance of deduction under section 80IC, supporting the assessee's claim of contract manufacturing. However, the issue of non-compliance with Rule 18BBB of Income-tax Rules, 1962 was sent back to the AO for further verification. The application of Section 80IC(7) and related sections was also remanded to the AO for detailed scrutiny, emphasizing the examination of intra-unit transactions and profit shifting. The Tribunal stressed the importance of submitting required documents with Form 10CCB, directing the AO to ensure compliance with Rule 18BBB(4). en-us Fri, 28 Feb 2020 00:00:00 +0530 Tue, 03 Mar 2020 13:16:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392977 The Tribunal upheld the deletion of the addition made by the AO regarding the disallowance of deduction under section 80IC, supporting the assessee's claim of contract manufacturing. However, the issue of non-compliance with Rule 18BBB of Income-tax Rules, 1962 was sent back to the AO for further verification. The application of Section 80IC(7) and related sections was also remanded to the AO for detailed scrutiny, emphasizing the examination of intra-unit transactions and profit shifting. The Tribunal stressed the importance of submitting required documents with Form 10CCB, directing the AO to ensure compliance with Rule 18BBB(4). Case-Laws Income Tax Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392977