Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (7) TMI 261 - HC - Income TaxDisallowance u/s 80IB of the Act – Business of assembling of computer and servers – manufacturing process - Held that:- The decision in Arihant Tiles & Marbles(P.) Ltd. [2009 (12) TMI 1 - SUPREME COURT] followed - claim for deduction under the provision of 80IB was allowed in case of the very assessee in the year 2001-2002 and the assessee carried the manufacturing activity and there had been no change in the manufacturing process nor has any contrary material produced in the year under consideration - while assembling various components by carrying on quality control through testing equipments, the assessee manufactured computers and servers which is a new and distinct product other than the components of which it is made - it was a new and distinct product which was coming out, entitling the assessee deduction u/s 80IB of the Act – thus, there was no reason to interfere in the order of the Tribunal – Decided against Revenue.
|