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2011 (7) TMI 40 - HC - Income TaxDeduction u/s 80IB - in the case of Commissioner of Income Tax v. N.C. Budharaja & Co., (1993 -TMI - 5433 - SUPREME Court), where it was held that the word “production”, when used in juxtaposition with the word “manufacture”, takes in bringing into existence new goods by a process, which may or may not amount to manufacture - In the instant case, boulder, which is a stone, would remain a stone even after it is crushed and converted into grits/stone chips/powder. The activity of converting boulder into grits/stone chips/powder may not be a manufacturing activity, but since such activity would be producing grits/stone chips/powder, the same would be production - Decided in favour of the assessee
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