Setting, printing & binding of pages can be considered as production of book as a new article or thing for the purpose of deduction u/s 10B

In the said case, the respondent was a publisher of books but did not have a printing press. He would procure manuscripts, hit upon a suitable format, get it printed from third parties under his supervision, get the book bound and put it out for sale. The Calcutta High Court dismissed the appeal of the Revenue and held in favour of the assessee therein that he was engaged in manufacturing and also processing of books, which were goods. The activity undertaken by the petitioner herein, as accepted in the original assessment order, is that the petitioner had printed text books and bound them and...