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2011 (2) TMI 109 - HC - Income TaxDeduction u/s 80IB - The respondent/assessee company claims that it is engaged in the activity of manufacturing of paper corrugated boxes and on that basis claimed deduction under Section 80IB of the Income-tax Act, on the profits derived in its business -Held that: such an activity of transforming the plain corrugated sheets into a different product of boxes, though to gain space for transportation, such boxes are kept in a folded position, one cannot say that the boxes continue to retain its original characteristics of corrugated sheets - Decided in the favour of the assessee
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