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2013 (8) TMI 14 - MADRAS HIGH COURTDeduction u/s 10B(2)(ii)(iii) - designer products - manufacturing activity for export of handicraft items of dried parts of plants - Reconstruction of business - Tribunal referring to case Aspinwall & Co. Ltd. V. CIT [2001 (9) TMI 3 - SUPREME Court] - allowed deduction deduction u/s 10B(2)(ii)(iii) - Held that:- process which the assessee had undertaken satisfies the test of manufacture to qualify for relief under Section 10B - apart from cleaning and grading, the assessee had taken further processing; that what is purchased as raw material and what is exported as a product for export are totally different items. The process that the assessee had undertaken clearly points out the irreversible nature of the final end product from a raw material purchased - Decided against Revenue.
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