Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2010 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (12) TMI 268 - AT - Income TaxDisallowance of deduction u/s 80IC(2)(a)(ii) - article or thing specified in Part B of 13th Schedule of I.T. Act - The deduction was claimed in respect of Attars produced by the assessee – Whether Attar is organic chemical or not - Admittedly Attar is a manual mixture of aromatic chemical and essential oil – therefore the issue of classification are restored to the file of Assessing Officer for fresh examination and appropriate order after opportunity of hearing to the assessee Manufacture - In a manufacturing process the original ingredients are subsumed in the final product which is substantially different from the original ingredients - However in case it is found that Attar is substantially different from the original constituents both in quality and character then the fact that it has been placed in a separate chapter would definitely go in favour of the assessee – It was held that the matter was set aside for the fresh hearing
|