https://www.taxtmi.com/caselaws?id=394189 The tribunal upheld the disallowance of deduction u/s 80IC as the product manufactured by the assessee was a prohibited item. Additionally, the tribunal supported the disallowance of business expenses due to lack of evidence to substantiate the transactions, in accordance with section 37(1) of the Act. Consequently, the appeal was dismissed. en-us Tue, 03 Mar 2020 00:00:00 +0530 Fri, 03 Apr 2020 13:07:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394189 The tribunal upheld the disallowance of deduction u/s 80IC as the product manufactured by the assessee was a prohibited item. Additionally, the tribunal supported the disallowance of business expenses due to lack of evidence to substantiate the transactions, in accordance with section 37(1) of the Act. Consequently, the appeal was dismissed. Case-Laws Income Tax Tue, 03 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394189