TMI Blog2011 (3) TMI 1687X X X X Extracts X X X X X X X X Extracts X X X X ..... 2007-08 against the order passed under section of the I.T. Act. 2. The Revenue has raised the following grounds of appeal:- 1. On the facts and circumstances, the Ld. CIT(A) has erred in holding that the process of threading and paining of anchor rods carried out by the assessee amounted to manufacture, and consequently allowing deduction u/s 80 IC. 2. The Ld. CIT(A) erred in holding ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e.f. 29.6.2004 i.e. assessment year 2005-06 and this was the third year of production. Survey operation was conducted at the business premises of the assessee on 29.12.2005. While completing the assessment for assessment year 2006-07, deduction U/s 80 IC of the Act was not allowed to the assessee. The Assessing Officer in view of the same did not allow the aforesaid deduction to the assessee for t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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