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2016 (12) TMI 814 - HC - Income TaxManufacture or production - Whether the compressed natural gas produced by the appellant, having different name, character and use from natural gas can be said to be covered by the phrase manufacture or production? - Held that:- Compressed natural gas in its compressed form has a distinct identity and character and use. It is settled law of the Apex Court in the case of Income Tax Officer Vs.Arihant Tiles and Marbles P. LTD. reported in (2009 (12) TMI 1 - SUPREME COURT) that when a commodity acquires a distinct name, use and commercial identity, it would acquire the trait of 'manufacture'. In view of above, the question is answered in favour of the assessee
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