Job Work Charges from Eligible Unit eligible for deduction u/ s. 80IC

DCIT Vs M/s Dynamic Transmission Limited (ITAT Delhi) With regard to addition of Rs. 63,66,574/- on account of job work charges u/s. 80IC of the I.T. Act, 1961 is concerned, we note that the AO has observed that deduction u/s. 80IC is available only in respect of articles or things manufactured by itself in its specified industrial unit. As per AO the job work charges are not allowable as these are not income received from articles or things manufactured or produced in its eligible unit. But the AO has not disputed that job work charges were received from articles or things manufactured or pro...