https://www.taxtmi.com/caselaws?id=448888 ITAT Delhi ruled in favor of the assessee regarding Section 80IC deduction eligibility. The tribunal held that the assessee's activities of processing raw materials received from HUL and feeding processed materials to HUL's mother plant constituted manufacturing, not merely contract services. The tribunal found that regulatory authority approvals supported the manufacturing nature of operations. The AO's reliance on HUL's confirmation stating activities were only contract services was deemed improper as it wasn't confronted with the assessee during assessment proceedings. The tribunal set aside both the assessment order and CIT(A)'s order, directing the AO to allow Section 80IC benefits. The assessee's appeals were allowed. en-us Tue, 30 Jan 2024 00:00:00 +0530 Thu, 01 Feb 2024 07:44:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448888 ITAT Delhi ruled in favor of the assessee regarding Section 80IC deduction eligibility. The tribunal held that the assessee's activities of processing raw materials received from HUL and feeding processed materials to HUL's mother plant constituted manufacturing, not merely contract services. The tribunal found that regulatory authority approvals supported the manufacturing nature of operations. The AO's reliance on HUL's confirmation stating activities were only contract services was deemed improper as it wasn't confronted with the assessee during assessment proceedings. The tribunal set aside both the assessment order and CIT(A)'s order, directing the AO to allow Section 80IC benefits. The assessee's appeals were allowed. Case-Laws Income Tax Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448888