https://www.taxtmi.com/caselaws?id=57256 The Tribunal upheld the CIT(A)'s decision, allowing the deduction under s. 80-IA for profits derived from trading activities of the assessee, an industrial undertaking, thereby dismissing the Revenue's appeal. The Tribunal emphasized that s. 80-IA applies to profits from "any business of" an industrial undertaking, not just manufacturing, and highlighted the principle of consistency in tax matters. en-us Fri, 30 Jul 2004 00:00:00 +0530 Wed, 03 Jul 2024 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57256 The Tribunal upheld the CIT(A)'s decision, allowing the deduction under s. 80-IA for profits derived from trading activities of the assessee, an industrial undertaking, thereby dismissing the Revenue's appeal. The Tribunal emphasized that s. 80-IA applies to profits from "any business of" an industrial undertaking, not just manufacturing, and highlighted the principle of consistency in tax matters. Case-Laws Income Tax Fri, 30 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57256