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TMI Blog2017 (1) TMI 114X X X X Extracts X X X X X X X X Extracts X X X X ..... d on there activities is business income. We are of the opinion that the view taken by both the authorities is just and proper. No substantial question is required to be considered and, we confirm the view taken by the Tribunal. - DB Income Tax Appeal No. 297/2016 - - - Dated:- 2-12-2016 - K. S. Jhaveri And Dinesh Mehta, JJ. For the Appellant : Anuroop Singhi ORDER 1. By way o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... umstances of the case, the finding of the Tribunal is perverse, contrary to the record and untenable in the eye of law? 3. Counsel for the appellant contended that the assessee himself has shown the amount of ₹ 42,20,330/- as his income from the other sources. In that view of the matter, the Tribunal has seriously committed an error in confirming the order of the CIT (Appeals) consideri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t and deduction is available for manufacturing in the specified area as done in Sec. 80IE of the Act. In other projects of the group, steel liners was required, then they were manufactured from this (NE) unit and sent there. Assessee's auditor kept this income from the NE Unit as Income from Other Sources just to segregate/identify its regular income. This is nothing but a nomenclature definit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... U/s 80IE of ₹ 42,20,300/- with regard sale of liner to different units of Om projects as they are very much part of manufacturing process done at the kemang Unit. Addition made of ₹ 42,20,300/- gets deleted. 6. While considering the same, the Tribunal has observed that process of fabrication, manufacturing and fixing steel liners and steel radial gates falls under manufacturing a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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