ITO, 27(3)(1) Vs Viral Industries
Case No: I.T.A. No. 6718/Mum/2024
Court: INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI
Date: 1/29/2026
Parties Involved
RevenueITO, 27(3)(1)
AssesseeViral Industries
Facts Summary
The case involves an appeal filed by the revenue against the order passed by the National Faceless Appeal Centre (NFAC) / CIT(A) allowing a deduction under section 80IB of the Income Tax Act, 1961 for the assessment year 2014-15. Viral Industries, a partnership firm engaged in the manufacture of tin cans and accessories at its factory in Kathua, Jammu, claimed a deduction under section 80IB. The Assessing Officer (AO) disallowed the deduction for the assessment year 2014-15, relying on the disal…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Whether the Ld. CIT(A) was justified in allowing the appeal of the assessee and granting the deduction u/s 80IB as disallowed by the AO.
- 2. Whether the Ld. CIT(A) was justified in not appreciating the facts recorded by the AO.
1 more legal issue analysed in this judgement.
Precedents Relied Upon
6 precedents cited in this judgement.