https://www.taxtmi.com/caselaws?id=777078 ITAT, Chennai allowed the appeal and held the assessee entitled to deduction under section 80IB(2). The Tribunal found the activity constituted manufacturing, the plant and machinery were new, and the undertaking engaged ten or more workers while using power. The Tribunal concluded the AO's and CIT(A)'s disallowance was based on incorrect appreciation of facts, set aside their orders, and directed the AO to delete the impugned addition. en-us Fri, 18 Jul 2025 00:00:00 +0530 Sat, 23 Aug 2025 08:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777078 ITAT, Chennai allowed the appeal and held the assessee entitled to deduction under section 80IB(2). The Tribunal found the activity constituted manufacturing, the plant and machinery were new, and the undertaking engaged ten or more workers while using power. The Tribunal concluded the AO's and CIT(A)'s disallowance was based on incorrect appreciation of facts, set aside their orders, and directed the AO to delete the impugned addition. Case-Laws Income Tax Fri, 18 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777078