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2017 (2) TMI 227 - HC - Income TaxClaim u/s 80-IC denied - manufacturing activity - Held that:- The assessee, we are concerned with here, is involved only with manufacturing activity of stone crushing plants and it is not installing or servicing machinery manufactured by others. The expression "profits and gains" derived from the business as mentioned in section 80-IC may not cover activities unrelated to the manufacturing but when the manufactured machinery is installed by the manufacturer themselves at the site of the customer, the amount received on this count, should not in our understanding, be excluded from the expression derived from the business, referred to in section 80-IC of the Income-tax Act. Therefore, when the assessee installs/erects the self-manufactured stone crushing plants and service them at the customer's site, the amount received from such service, is nothing but earnings from the business of manufacturing activity. - Decided in favour of assessee
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