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2011 (12) TMI 381 - HC - Income TaxDeduction u/s. 80IB - Assessing Officer was of the opinion that the assessee's activity cannot be stated to be involving any manufacturing activity - it emerges that the CIT(A) had relied heavily on the decision of Madras High Court in case of India Cine Agencies vs. Commissioner of Income Tax [2002 -TMI - 11960 - MADRAS High Court ] to uphold that the activities carried on by the assessee would not amount to manufacturing - The Tribunal, by the common impugned judgement allowed the assessee's appeals - Tribunal relying on the decision in case of India Cine Agencies vs. Commissioner of Income Tax (2008 -TMI - 31532 - SUPREME COURT) and in case of Vijay Ship Breaking Corporation vs. Commissioner of Income Tax, Ahmedabad (2008 -TMI - 31137 - SUPREME COURT), held that the activity would amount to manufacturing. - The case of the assessee before the revenue authorities was that at Daman Unit, the assessee carried on activity of slitting of plastic rolls and treating such slitted laminated plastic rolls - Decided in favor of the assessee
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