https://www.taxtmi.com/caselaws?id=445689 ITAT Delhi allowed assessee's appeal regarding deduction u/s 80IC for Unit-III, finding manufacturing activity was conducted at premises owned by sister concern with proper rent agreement and documentation. Court confirmed eligibility after verifying rent expenses, plant/machinery acquisition bills, and government approvals from Himachal Pradesh authorities. Regarding sales promotion expenses to medical practitioners, ITAT followed SC precedent in Apex Laboratories holding such expenses prohibited under MCI regulations but noted disallowance would be revenue neutral due to enhanced 80IC deduction per CBDT Circular 37/2016. Issue of capital asset purchases remanded to AO for determining whether expenditure pertained to eligible unit. en-us Fri, 04 Aug 2023 00:00:00 +0530 Fri, 17 Nov 2023 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445689 ITAT Delhi allowed assessee's appeal regarding deduction u/s 80IC for Unit-III, finding manufacturing activity was conducted at premises owned by sister concern with proper rent agreement and documentation. Court confirmed eligibility after verifying rent expenses, plant/machinery acquisition bills, and government approvals from Himachal Pradesh authorities. Regarding sales promotion expenses to medical practitioners, ITAT followed SC precedent in Apex Laboratories holding such expenses prohibited under MCI regulations but noted disallowance would be revenue neutral due to enhanced 80IC deduction per CBDT Circular 37/2016. Issue of capital asset purchases remanded to AO for determining whether expenditure pertained to eligible unit. Case-Laws Income Tax Fri, 04 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445689