https://www.taxtmi.com/caselaws?id=431426 The Tribunal dismissed all appeals filed by the Revenue, affirming the CIT(A)'s decision to allow the assessee's claims for deductions under Sections 80IC and 80IE of the Income Tax Act, 1961. The Tribunal held that the conversion of liquid oxygen into gaseous form qualifies as "production," making the assessee eligible for the claimed deductions. Additionally, the Tribunal found no procedural lapses in the CIT(A)'s acceptance of additional evidence without a remand report from the Assessing Officer and in the rectification of apparent errors under Section 154. en-us Thu, 08 Dec 2022 00:00:00 +0530 Mon, 12 Dec 2022 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431426 The Tribunal dismissed all appeals filed by the Revenue, affirming the CIT(A)'s decision to allow the assessee's claims for deductions under Sections 80IC and 80IE of the Income Tax Act, 1961. The Tribunal held that the conversion of liquid oxygen into gaseous form qualifies as "production," making the assessee eligible for the claimed deductions. Additionally, the Tribunal found no procedural lapses in the CIT(A)'s acceptance of additional evidence without a remand report from the Assessing Officer and in the rectification of apparent errors under Section 154. Case-Laws Income Tax Thu, 08 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431426