Section 10B – Blending & processing of tea amounts to manufacturer

IN THE ITAT KOLKATA BENCH (Special bench) Madhu Jayanti International Ltd. V/s. Deputy Commissioner of Income Tax IT Appeal Nos. 2039 (kol.) of 2006 and 1463 & 2089 (Kol.) of 2007 [Assessment Years 2003-04 and 2004-05] Date of Pronouncement – July 20, 2012 ORDER The Hon’ble President of Income-tax Appellate Tribunal, on a reference made by a Division Bench, has constituted this Special Bench by referring the following question for consideration and decision: “Whether, on the facts and in the circumstances of the case, the Assessees, who are in the busines...