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Income Tax - Highlights / Catch Notes

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Deduction u/s 80IA - Whether coating with oxides of noble metals ...


High Court Rules Coating Titanium Electrodes as 'Manufacture' u/s 80IA, Allowing Tax Deductions for Industrial Use.

November 2, 2013

Case Laws     Income Tax     HC

Deduction u/s 80IA - Whether coating with oxides of noble metals on titanium metal electrode/anode bringing about a change in its character and user for making it fit for use in the production of chlorine and caustic soda in an electrolytic process is 'manufacture' or 'production' of 'article' or 'thing' - Held yes - HC

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