https://www.taxtmi.com/caselaws?id=290836 The Tribunal allowed the assessee's appeal, directing the AO to permit the deduction under Section 80IB as claimed. The Tribunal found that the rejection of books of accounts and allocation of profits were not justified, emphasizing that the AO did not formally reject the books under Section 145 of the Act. Additionally, the Tribunal dismissed allegations of manipulation of raw material data and profit diversion, highlighting that the assessee provided reasonable explanations. The delay in pronouncing the order was excused due to the Covid-19 pandemic. en-us Thu, 06 Aug 2020 00:00:00 +0530 Mon, 19 Oct 2020 09:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290836 The Tribunal allowed the assessee's appeal, directing the AO to permit the deduction under Section 80IB as claimed. The Tribunal found that the rejection of books of accounts and allocation of profits were not justified, emphasizing that the AO did not formally reject the books under Section 145 of the Act. Additionally, the Tribunal dismissed allegations of manipulation of raw material data and profit diversion, highlighting that the assessee provided reasonable explanations. The delay in pronouncing the order was excused due to the Covid-19 pandemic. Case-Laws Income Tax Thu, 06 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290836