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2019 (10) TMI 83 - HC - Income TaxEntitlement to the claim u/s.80IB - as alleged petitioner/appellant is not engaged in any manufacturing activity and instead, it was only doing trading of mushroom powders in capsules - HELD THAT:- Issue decided in favour of the assessee in the assessee's own case [2018 (7) TMI 1733 - MADRAS HIGH COURT] wherein as held product which emerges after the process of manufacture is commercially a distinct commodity, can be of consumption as such containing a requisite amount of ingredients in the appropriate percentage, preserved in proper form as contained in the licence issued under the authorised enactments as well as the technical logo shared by the foreign company. - Decided in favour of assessee.
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