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1999 (2) TMI 673 - AT - Income Tax
Extract:
.......sor it may be regarded as an industrial undertaking but deduction under section 80-I is available only to a manufacturer or a producer and not to a processor. Therefore, we uphold the decision of the CIT(A) of disallowing deduction of ₹ 84,428 under section 80-I to the assessee. 23. In the result, the appeal of the assessee is partly allowed.