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2009 (10) TMI 37 - HC - Income TaxManufacture - “roasted groundnut” from “groundnut seed” – trading unit or manufacturing unit – held that - ‘manufacture’ a new material should be produced - The process of roasting groundnut is an extremely simple process. According to the assessee, the raw groundnut is put into machines which are in the shape of moving drums. These drums are attached to ‘Bhatties’ and the groundnut is roasted. Thereafter, the groundnut is sieved and the net product is packed into gullible packs of different sizes. In our view, this process is only of roasting and is even less cumbersome than the process applied to shrimps, prawns and lobsters in Sterling Foods’ case and the process of roasting and powdering chicory roots in Sacs Eagles Chicory’s case – assessee is not entitled for benefit of exemption u/s 80IA or 80IB
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