https://www.taxtmi.com/caselaws?id=423956 Deduction under section 10AA for mixed manufacturing and trading activity required fresh verification of the statutory conditions under the Special Economic Zones framework, because a concession claim must be strictly established on facts. The Tribunal remitted the matter to the Assessing Officer for reconsideration. Interest on fixed deposits was also claimed as eligible business income linked to buyers' credit facilities, but the supporting material was not produced and the factual nexus could not be confirmed. That claim too was remitted for fresh adjudication, leaving the deduction entitlement open after proper factual verification. en-us Wed, 15 Jun 2022 00:00:00 +0530 Sat, 18 Jun 2022 09:03:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423956 Deduction under section 10AA for mixed manufacturing and trading activity required fresh verification of the statutory conditions under the Special Economic Zones framework, because a concession claim must be strictly established on facts. The Tribunal remitted the matter to the Assessing Officer for reconsideration. Interest on fixed deposits was also claimed as eligible business income linked to buyers' credit facilities, but the supporting material was not produced and the factual nexus could not be confirmed. That claim too was remitted for fresh adjudication, leaving the deduction entitlement open after proper factual verification. Case-Laws Income Tax Wed, 15 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423956