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2014 (7) TMI 1000 - HC - Income TaxDeduction u/s 80IA – Manufacturing unit set up at Daman - Whether cutting and polishing of Diamond is not a manufacturing activity or not – Held that:- The assessee gave the details as to how the silver was acquired by him - assessee had carried on activity of manufacturing of Diamond Studded Silver Jewellery, he filed all the details by addressing various letters - That proved purchases, sales, consumption of silver in manufacturing of Diamond Studded Silver Jewellery, list of workers and that there were 10 workers in Diamond Division and 23 in Jewellery division - clarifications from the consultant, certificate from the Sales Tax Department, Daman, all this material remained uncontroverted - Diamond Studded Silver Jewellery, sold to M/s. Shukra Jewellery Ltd. was termed as 'manufacture' - the claim u/s 80IA was granted - Tribunal has referred to all the materials, thus, the order of the Tribunal is upheld – Decided against Revenue.
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