2011 (2) TMI 1625

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..... d Mr. A.K. Jasani. ORDER P.C. The only question raised in this appeal is whether the Tribunal was justified in holding that the assessee was engaged in the manufacture of NC.Lacquer and hence eligible for deduction under Section 80 IA/80 IB of the Income Tax Act . The Tribunal has recorded a finding of fact which reads thus :- 4.5 (ii) At SI-2 NC Lacquer is manufactured. For .....

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..... that change their basic structures. 2 Thus, the raw materials are subject to a process to obtain NC Lacquer which is a distinct marketable commodity. Even under the Central Excise Law NC Lacquer is a distinct product classified under different heading than the raw materials . 3 In this view of the matter no fault can be found in the decision of the Tribunal. The appeal is dismissed a .....

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