2022 (5) TMI 1277

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....year 2013-14. 2. In the instant case, the assessee had e-filed its return of income on dated 28.09.2013 by declaring total taxable income at 'nil'. Subsequently, on dated 09.10.2013, the original return of income was revised by declaring the same income at 'nil'. Thereafter, the case of the assessee was selected for scrutiny under CASS and resulted into issuance of statutory notices, in response to which the assessee company attended the assessment proceedings and furnished the details as called for by the Assessing Officer. From the assessment order, it reveals that the assessee company, is carrying the activities of manufacturing and assembling of cell phone battery, charger and other accessories and during the year under considerat....

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....ho vide impugned order, accepted the claim of the assessee, while relying upon the order passed by the Hon'ble Bench of the Tribunal in Assessee's own case for the A.Y. 2012-13, wherein also the same disallowance u/s. 80IC of the Act was under challenge on the similar facts and circumstances and the Hon'ble Bench in its order dated 22.11.2018 clearly held that the assessee has set up a manufacturing unit for cell phone battery, chargers and other accessories and carried out manufacturing process and fulfils the conditions prescribed u/s. 80IC of the Act. The concluding part of the Hon'ble Tribunal's order is reproduced below: "8. we agree with the finding of the learned commissioner of income tax appeals for the reason that assesse....