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2019 (8) TMI 355 - HC - Income TaxDeduction u/s 10B in respect of Benzarone Pure - manufacture or production of an article or not - HELD THAT:- Considering the process which Benzarone Crude is subjected to for the purpose of converting it into Benzarone Pure as well as considering the fact that the Benzarone Pure is a distinct marketable commodity, different from Benzarone Crude which is not capable of being used as such, the conversion of Benzarone Crude to Benzarone Pure would fall within the ambit of the expression “manufacture or produce” as contemplated u/s 10B. The Tribunal was, therefore, justified in holding that the assessee is entitled to deduction u/s 10B in respect of the said product. - answered in favour of the assessee and against the revenue Deduction u/s 10B in respect of BFX-P - manufacture or production of an article or not - HELD THAT:- It is an admitted position that no manufacturing process in respect of the said product has been brought on record either before the CIT(A) or even before this court. The chart referred to by the CIT(A) in his order shows that except for the work in progress being shown as BFX-P, no further details have been provided regarding the final product or the chemical formula. In the absence of any material having been placed on record to indicate the process carried out on BFX-P, it cannot be said that any process of manufacture or production has taken place so as to entitle the assessee to deduction u/s 10B in respect of the said product. The Tribunal was, therefore, not justified in allowing the deduction u/s 10B in respect of BFX-P. - answered in favour of the revenue and against the assessee
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