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2012 (10) TMI 479 - HC - Income TaxConverting limestone into limestone powder - whether the process is a manufacturing activity within the meaning of Section 80IA and 80IB - Held that:- As decided in Lucky Minmat Pvt. Ltd. Versus Commissioner of Income-Tax [2000 (8) TMI 6 - SUPREME COURT] the conversion into lime and lime dust or concrete by stone crushers can legitimately be considered to be a manufacturing process while the mere mining of limestone and marble and cutting the same would not be so considered. The observation of the Supreme Court cannot be termed to be ‘obiter dicta’ since the Supreme Court has held that the process of conversion of limestone into lime and lime dust is a manufacturing process - in favour of the assessee
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