Section 115BAB benefit allowed if commencement of manufacturing for subsequent year proved

Granules CZRO Private Limited Vs ITO (ITAT Hyderabad) ITAT Hyderabad held that benefit of section 115BAB of the Income Tax Act granted even if Form 10ID filed prior to commencement of manufacturing activity, if assessee proves the commencement of manufacturing for the subsequent assessment year. Facts- The assessee company was set up on 16/01/2023 and after setting up on 16/01/2023, the assessee has filed its return of income for the year ending upto 31/03/2023 in accordance with law and along with the return of income, the assessee had filed Form 10ID on 21/10/2023. CPC had processed the retu...