https://www.taxtmi.com/caselaws?id=399912 The court analyzed the interpretation of Section 80IA of the Income Tax Act, 1961 regarding deduction for an old manufacturing unit. It considered the impact of material detected during a survey and the withdrawal of a revised return on the assessment order for the year 2004-05. Upholding a previous ruling in favor of the revenue, the court quashed the Income Tax Appellate Tribunal's order and reinstated the Assessing Authority's decision, emphasizing the importance of thorough assessment of evidence and legal provisions in tax matters. en-us Tue, 13 Oct 2020 00:00:00 +0530 Thu, 22 Oct 2020 09:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399912 The court analyzed the interpretation of Section 80IA of the Income Tax Act, 1961 regarding deduction for an old manufacturing unit. It considered the impact of material detected during a survey and the withdrawal of a revised return on the assessment order for the year 2004-05. Upholding a previous ruling in favor of the revenue, the court quashed the Income Tax Appellate Tribunal's order and reinstated the Assessing Authority's decision, emphasizing the importance of thorough assessment of evidence and legal provisions in tax matters. Case-Laws Income Tax Tue, 13 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399912