Assessing Officer Overlooked Clause (b) of Section 80IC(2), Affecting Mineral-Based Industry's Eligibility for Expansion Benefits.

Assessing Officer Overlooked Clause (b) of Section 80IC(2), Affecting Mineral-Based Industry's Eligibility for Expansion Benefits. https://www.taxtmi.com/highlights?id=65780 Benefit u/s 80IC - substantial expansion - the assessing officer has missed out one of the categories which have been mentioned in Clause (b) of Section 80IC(2). The assessee would squarely fall within the category of undertakings or enterprises which manufactures or produces any article or thing as specified in the Fourteenth Schedule as the assessee is a mineral based industry which finds place in clause-16 of Part-A of the Fourteenth Schedule - HC en-us Fri, 23 Sep 2022 18:34:49 +0530 Fri, 23 Sep 2022 18:34:49 +0530 TaxTMI RSS Generator Assessing Officer Overlooked Clause (b) of Section 80IC(2), Affecting Mineral-Based Industry's Eligibility for Expansion Benefits. https://www.taxtmi.com/highlights?id=65780 Benefit u/s 80IC - substantial expansion - the assessing officer has missed out one of the categories which have been mentioned in Clause (b) of Section 80IC(2). The assessee would squarely fall within the category of undertakings or enterprises which manufactures or produces any article or thing as specified in the Fourteenth Schedule as the assessee is a mineral based industry which finds place in clause-16 of Part-A of the Fourteenth Schedule - HC Highlights Income Tax Fri, 23 Sep 2022 18:34:49 +0530 https://www.taxtmi.com/highlights?id=65780