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2013 (11) TMI 733 - HC - Income TaxDeduction u/s 80IB of the Income tax act - Whether cutting, grinding and sieving of old rubber tyres and rubber scrap and converting the same into rubber crumbs is “manufacture” and hence entitled to the deduction under Section 80IB of that Act – Held that:- Product (Rubber crumb) produced by the assessee was commercially different from its raw material and further, it is commercially known to be different in the market. In other words, the assessee was engaged in manufacturing of the said product. Therefore, the assessee was entitled to deduction claimed under Section 80IB of the Act – Decided against the Revenue.
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