https://www.taxtmi.com/caselaws?id=415750 The High Court upheld the appeal filed by the revenue challenging the Tribunal's order quashing the order under Section 263 for several assessment years. The Court remanded the matter back to the CIT for fresh consideration for AY 2009-10, addressing issues such as the treatment of seized material, interpretation of "Manufacture" under Section 80IB, eligibility for deduction, disallowance of depreciation claim, and deletion of additions made under Sections 153A/143(3) and 153C. The Court emphasized the importance of thorough consideration of all explanations and submissions before reaching conclusions under the Income Tax Act to ensure fairness in tax assessments. en-us Tue, 07 Dec 2021 00:00:00 +0530 Tue, 22 Feb 2022 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415750 The High Court upheld the appeal filed by the revenue challenging the Tribunal's order quashing the order under Section 263 for several assessment years. The Court remanded the matter back to the CIT for fresh consideration for AY 2009-10, addressing issues such as the treatment of seized material, interpretation of "Manufacture" under Section 80IB, eligibility for deduction, disallowance of depreciation claim, and deletion of additions made under Sections 153A/143(3) and 153C. The Court emphasized the importance of thorough consideration of all explanations and submissions before reaching conclusions under the Income Tax Act to ensure fairness in tax assessments. Case-Laws Income Tax Tue, 07 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415750