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2017 (1) TMI 627 - HC - Income TaxDeduction u/s 80IC - ITAT considering assessee's business activity as manufacturing instead of assembling Luggage carriers, Wheel Caps etc.- Held that:- We find that both the CIT(A) as well as the Tribunal on application of the principle laid down by this and the Apex Court in Union of India and Others vs. J.G. Glass Industries Ltd. & Others [1997 (12) TMI 110 - SUPREME COURT OF INDIA]concluded that the processes adopted by the Respondent Assessee to obtain front guard, luggage, carrier, rear gear etc. were manufacturing processes. This concurrent finding of fact is not shown to be perverse. - Decided in favour of assessee
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