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2004 (12) TMI 66 - BOMBAY HIGH COURT"Whether the operations carried out by the assessee namely of lamination, punching and pasting with glue for the purpose of making cartons is a manufacturing process as contemplated under section 80-IB of the Income-tax Act, 1961?" - Assessing Officer held that the assessee was not engaged in any manufacturing operations so as to claim the deduction. - We have no doubt in our mind that the Tribunal has considered the nature of operations carried out by the assessee and by relying upon the three decisions of the Supreme Court, reached a conclusion that the assessee was carrying out a manufacturing process for making the laminated cartons. The reasoning given by the Tribunal cannot be faulted, as it does not suffer from any errors. The Tribunal has rightly discarded the view taken by the Assessing Officer
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