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2016 (5) TMI 1226 - CALCUTTA HIGH COURTEligibility for deduction under Section 80 IB denied - manufacturing activity - Held that:- We find that the assessee has not clearly established that the income was derived from manufacturing activities or that the income is directly relatable to the manufacturing activities. The assessee admittedly had trading activity. It is not clear as to whether the income, as indicated above, aggregating to approximately ₹ 30 lacs arose out of activities relating to manufacturing activity. The question no.1, for lack of appropriate evidence, is answered in the affirmative and in favour of revenue.
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