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2022 (9) TMI 1143 - AT - Income TaxAddition u/s 80IC - company stated to be engaged in the business of induction Heat Seal Cap liner material and Induction Wads - products manufactured by the assessee fall under schedule 13 (at serial No. 19) which is a negative list and, therefore, profit derived from the manufacture of these products is not eligible for deduction -HELD THAT:- We find that the issues involved in this matter are directly and substantially covered in assessee's own case in earlier years [2021 (10) TMI 516 - ITAT DELHI] and while respectfully following the same we hold that the assessee is entitled to deduction under section 80 IC and the addition by disallowance of the same, is directed to be deleted. - Decided in favour of assessee.
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