https://www.taxtmi.com/caselaws?id=289441 The ITAT Chennai upheld the Ld.CIT(A)'s decision to allow the deduction under Section 10AA for manufacturing activities, dismissing the Revenue's appeal. The tribunal found that the SEZ unit's activities were recognized as manufacturing, production had commenced as certified, and pricing was reasonable. The manufacturing process involved extracting minerals, processing raw materials, and exporting final products, all certified by SEZ authorities. The pricing of the finished product was deemed reasonable, with no substantial evidence provided by the Revenue to challenge it. en-us Wed, 20 Sep 2017 00:00:00 +0530 Fri, 31 Jul 2020 08:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289441 The ITAT Chennai upheld the Ld.CIT(A)'s decision to allow the deduction under Section 10AA for manufacturing activities, dismissing the Revenue's appeal. The tribunal found that the SEZ unit's activities were recognized as manufacturing, production had commenced as certified, and pricing was reasonable. The manufacturing process involved extracting minerals, processing raw materials, and exporting final products, all certified by SEZ authorities. The pricing of the finished product was deemed reasonable, with no substantial evidence provided by the Revenue to challenge it. Case-Laws Income Tax Wed, 20 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289441