The assessee's claim for deduction u/s 80IC for the finished products manufactured at Unit No. III at...

The assessee's claim for deduction u/s 80IC for the finished products manufactured at Unit No. III at Paonta Sahib, Himachal Pradesh, was initially allowed but later doubted by the Assessing Officer (AO) from the assessment year 2014-15 onwards, citing concerns about the available machinery and electricity consumption not supporting the claimed quantum of production. The Tribunal, in its order dated 02.06.2020, factually verified the issue and concluded that the assessee is entitled to claim the deduction u/s 80IC for Unit III. For the assessment years 2011-12, 2012-13, and 2013-14, the disallowances were confirmed as the Tribunal's decision was not available before the First Appellate Authority (FAA). However, for the assessment year 2010-..... .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X