Income Tax Deduction under Sec 80 IB allowable even If Goods were not manufactured by own plant and machinery: ITAT [Read Order]

Income Tax deduction - section 80 IB - plant and machinery - ITAT - taxscan

The Surat bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax deduction under section 80 IB of the Income Tax Act,1961 is allowable even if the goods were not manufactured by own plant and machinery. Shri A Gopalakrishnan appeared on behalf of the assessee and Shri Vinod Kumar appeared on…

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