https://www.taxtmi.com/caselaws?id=300534 Deduction under section 80IB is discussed in the context of milk pasteurisation and processing, with the note stating that such activities can amount to manufacture or production where they make the product marketable and the unit continues to satisfy small scale industrial undertaking conditions. It also states that an additional depreciation claim should not be defeated solely because the prescribed audit report was filed later, since the omission is procedural if substantive entitlement remains otherwise eligible. On section 72A, the note records that set-off of losses of amalgamated companies depends on the statutory requirement that the amalgamating entities be industrial undertakings engaged in manufacturing or processing, and that the disallowance was sustained on the facts noted. en-us Thu, 11 Aug 2011 00:00:00 +0530 Wed, 09 Feb 2022 10:44:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300534 Deduction under section 80IB is discussed in the context of milk pasteurisation and processing, with the note stating that such activities can amount to manufacture or production where they make the product marketable and the unit continues to satisfy small scale industrial undertaking conditions. It also states that an additional depreciation claim should not be defeated solely because the prescribed audit report was filed later, since the omission is procedural if substantive entitlement remains otherwise eligible. On section 72A, the note records that set-off of losses of amalgamated companies depends on the statutory requirement that the amalgamating entities be industrial undertakings engaged in manufacturing or processing, and that the disallowance was sustained on the facts noted. Case-Laws Income Tax Thu, 11 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300534