Taxpayer's Factory Eligible for Section 80IC Deduction; Sales to Limited Parties Don't Affect Claim; Consistency Rule Applies.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Deduction u/s 80IC - factory unit of the assessee falls within the notified area - Even if sales are made to three parties only, there is nothing wrong against the assessee. It may also be noted here that in respect of some items of manufacture, A.O. has allowed the claim of assessee in scrutiny assessment for earlier AYs - rule of consistency apply to the facts of the case.....