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2014 (6) TMI 187 - HC - Income TaxBenefit of deduction u/s 80IB of the Act - Revenue contended that in mixing, the complete manufacturing does not occur and it is only one of the several processes involved in the work, therefore, the claim that mixing charges also constitute income from "manufacturing" was rejected – Held that:- Following Midas Polymer Compounds P. Ltd. v. Asst. CIT [2010 (12) TMI 414 - Kerala High Court] - The Tribunal has held that the assessee is eligible for such deduction - the Revenue did not file special leave petition before the Supreme Court as the tax effect was below the prescribed monetary limits for filing special leave petition – thus, there is no need for interference in the order of the Tribunal – Decided against Revenue.
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