Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2003 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (3) TMI 25 - HC - Income TaxWhether the Tribunal was right in law in holding that the activity of heating raw bitumen to 300 degrees centigrade, without any addition or chemical change in order to obtain solid bitumen, constitutes "manufacturing activity", entitling the assessee to claim deduction under sections 80HHA and 80-I - No new product emerges from the process employed by the assessee. What was bitumen continues to be bitumen, but with lesser quantity of oil and moisture. - Tribunal was in error in holding that heating of the scrap bitumen which only resulted in separation of oil and water from bitumen, amounts to a process of manufacturing. - The question referred to us, is therefore answered in favour of the Revenue and against the assessee.
|