Income Tax Deduction to Manufacturing Unit cannot be Disallowed Even If Part of Activities are done Outside Unit: ITAT [Read Order]

Income Tax Deduction - Income Tax - Deduction - Tax - Manufacturing Unit - Outside Unit - ITAT - Taxscan

The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench has held that the income tax deduction under section 80IB of the Income Tax Act, 1961 cannot be disallowed even if the part of manufacturing activities are being done from outside the unit. The Assessee, M/s ACE Plastics is into the business of manufacturing of…

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