2009 (12) TMI 1 - SC - Income Tax

Deduction u/s 80IA – conversion of marble blocks by sawing into slabs and tiles and polishing – whether amount to manufacture – held that - the word "manufacture" and the word "production" have received extensive judicial attention both under the Income Tax as well as under the Central Excise and the Sales Tax laws. - that blocks converted into polished slabs and tiles after undergoing the process indicated above certainly results in emergence of a new and distinct commodity. The original block does not remain the marble block, it becomes a slab or tile. In the circumstances, not only there is manufacture but also an activity which is something beyond manufacture and which brings a new product into existence – Decision in Commissioner of Income Tax Vs. N.C. Budharaja & Co., reported in [2008 -TMI - 5433 - SUPREME Court] followed