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2015 (1) TMI 614 - HC - Income TaxDeduction under Section 80IA - Disallowance on the ground that the printing work of various type is not a manufacturing activity, eligible for deduction u/S 80IA and that the assessee employed lesser number of workers than required as per the provisions of Section 80IA(2)(v) - Held that:- Tribunal was right in law in holding that the business activity of the assessee was manufacturing within the meaning of Section 80IA(2)(iii) of the I.T.Act. The assessee had complied substantial compliance with the provisions of Section 80IA(2)(v) of the Income Tax Act. Therefore, considering the facts of the case and the principle laid down in the case of Harit Synthetic Fabrics Pvt. Ltd. (1985 (10) TMI 69 - BOMBAY High Court) and Bajaj Tempo Ltd. (1992 (4) TMI 4 - SUPREME Court), we are of the opinion that the present appeal deserves to be allowed. Therefore, we hold that the Tribunal was not right in holding that that the assessee had not fulfilled the condition of 10 or more workers stated in Section 80IA(2)(v) of the Income Tax Act. - Decided in favour of assessee.
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