Section 80IB deduction to industrial undertaking manufacturing at third party premises allowable

N Core Cables Vs ACIT  (ITAT Surat)

Held that Section 80IB deduction allowable to the industrial undertaking manufacturing at third party premises using their machinery under the supervision and control of an assessee amounts to manufacturing by the industrial undertaking.

Facts- AO observed that assessee has started its business activity from the accounting period relevant to AY 2004-­05. As such, the year under consideration is the first year of business activity of the assessee. The AO observed f

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