https://www.taxtmi.com/caselaws?id=59549 The appeal was partly allowed. The disallowance of Rs. 74,42,187 claimed for deduction under section 35D(ii) of the IT Act was upheld, as the assessee, a housing finance company, did not meet the criteria of engaging in manufacturing or processing activities for the deduction. However, the Assessing Officer was directed to verify and allow the deduction of Rs. 3,56,990 under section 35D(1)(i) if it had been previously allowed in earlier years. en-us Fri, 31 Mar 2006 00:00:00 +0530 Fri, 14 Jun 2013 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59549 The appeal was partly allowed. The disallowance of Rs. 74,42,187 claimed for deduction under section 35D(ii) of the IT Act was upheld, as the assessee, a housing finance company, did not meet the criteria of engaging in manufacturing or processing activities for the deduction. However, the Assessing Officer was directed to verify and allow the deduction of Rs. 3,56,990 under section 35D(1)(i) if it had been previously allowed in earlier years. Case-Laws Income Tax Fri, 31 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59549