https://www.taxtmi.com/caselaws?id=463476 ITAT, Mumbai upheld CIT(A) and allowed the assessee's claim that preparation of the fabric whitener from purchased Acid Violet-49 by dilution, filtration and filling into HDPE containers amounted to "manufacturing" under s.2(29BA) and eligible for deduction under s.80IC(2). The tribunal deleted disallowance under s.14A and rejected adding that disallowance to book profit since no exempt income was earned. It directed the AO to allow deductions under Chapter VI-A (including s.80IB/80IC) against gross total income as per applicable jurisprudence. en-us Wed, 28 Dec 2022 00:00:00 +0530 Tue, 02 Sep 2025 13:26:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463476 ITAT, Mumbai upheld CIT(A) and allowed the assessee's claim that preparation of the fabric whitener from purchased Acid Violet-49 by dilution, filtration and filling into HDPE containers amounted to "manufacturing" under s.2(29BA) and eligible for deduction under s.80IC(2). The tribunal deleted disallowance under s.14A and rejected adding that disallowance to book profit since no exempt income was earned. It directed the AO to allow deductions under Chapter VI-A (including s.80IB/80IC) against gross total income as per applicable jurisprudence. Case-Laws Income Tax Wed, 28 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463476