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2015 (3) TMI 536 - MADRAS HIGH COURT

2015 (3) TMI 536 - MADRAS HIGH COURT - TMI - Entitlement to deduction under Section 80IB - assessee does not manufacture any goods by itself, but gets the same manufactured by others on job work basis - CIT(Appeals) following assessee's own case in respect of the earlier assessment year, partly allowed the appeals - Held that:- Revenue fairly stated that the issue involved in this case is squarely covered by a decision of this Court in the case of The Commissioner of Income Tax, Coimbatore v .....

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for relief under Section 80IA thus answering the question in favour of the assessee - Decided against revenue. - Tax Case (Appeal) Nos. 357 & 358 of 2008 - Dated:- 2-3-2015 - R. Sudhakar And S. Vimala,JJ. For the Appellant : Mr. T Ravikumar Standing Counsel for Income Tax For the Respondent : Mr. R Vijayaraghavan ORDER (The order of the Court was made by R. Sudhakar, J.) The Revenue has filed the above Tax Case (Appeals) as against the order of the Income Tax Appellate Tribunal, Madras 'A&# .....

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s right in allowing deducting under Section 80IB when the assessee only does the process of washing, pressing and packing which do not amount to manufacture? And 3. Whether on the facts and circumstances of the case, an assessee who gets the work done by a job worker can claim to be an industrial undertaking ?" 2. The assessment in these cases relate to the assessment years 2002-03 and 2003-04. The assessee is engaged in the manufacture and sale of readymade garments. The Assessing Officer .....

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