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2013 (1) TMI 158 - HC - Income TaxBenefit of Section 80IC - whether the assessee is involved in manufacturing activities in Uttarakhand from its industrial unit situate therein? - The Assessing Officer found that instead of bringing the flowers thus purchased on the basis of job work assessee extracts the oil contents from the flowers at Uttar Pradesh and thereafter such oil is brought in the factory of the respondent assessee situate in Uttarakhand and with the help of the extracted oil the essence is manufactured. The Assessing Officer felt that in the whole process the most important part of the manufacturing activity is undertaken in the State of Uttar Pradesh and the minimal in the State of Uttarakhand and as a result respondent assessee is not entitled to the benefit of Section 80IC Held that - The distilled oil which is used as a raw material in the processing unit of the assessee situate in Uttarakhand is available in the market. To that there is no dispute. Instead of buying the same from the market assessee gets the same processed in the State of Uttar Pradesh. - Benefit u/s 80IC allowed - Decided in favor of assessee.
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