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2012 (9) TMI 622 - SCH - Income TaxDeduction u/s 80I - cutting of jumbo rolls of photographic films into smaller marketable sizes - `manufacture' - Held that:- As decided in M/s India Cine Agencies & Computer graphics Ltd.Versus CIT [2008 (11) TMI 15 - SUPREME COURT] by process of manufacture something is produced and brought into existence which is different from that, out of which it is made in the sense that the thing produced is by itself a commercial commodity capable of being sold or supplied - The word 'production' or 'produce' 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. It also takes in all the byproducts, intermediate products and residual products, which emerge in the course of manufacture of goods - in favour of assessee.
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