Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2005 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2005 (7) TMI 61 - HC - Income TaxSection 80-IB - industrial undertaking - whether the blending of different types of tea by the assessee amounts to production of a thing or an article by an industrial undertaking within the meaning of the expression as used in section 80-IB - expression "manufacture" or "producing" any thing or article under section 80-IB(2)(iii) has been used in a generic sense and within its ambit it does not include any processing of goods, which does not bring out a new or commercially distinct commodity - blending of different teas by a trader of tea who has purchased the tea from the auction house or the dealer does amount to processing of tea but falls short of manufacturing process and it does not amount to manufacturing or producing any article or thing within the meaning of section 80-IB - assessee cannot be held to have fulfilled the condition for availing of the benefit of deduction under section 80-IB – appeal dismissed
|