Case Law Details
Case Name : Income Tax Officer, Udaipur Vs M/s Arihant Tiles & Marbles (P) Ltd. (Supreme Court of India)
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Supreme Court of India
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The assessee was engaged in conversion of marble blocks into slabs and tiles by sawing and polishing. The question was whether this amounts to “manufacture or production of article or thing” for purposes of deduction u/s 80IA. HELD, deciding in favor of the assessee:
(i) The word “production” is wider in its scope than the word “manufacture”. It means manufacture plus something in addition thereto. This ground reality is now noted in s. 2(29BA) inserted by Finance Act, 2009 w.e.f 1.4.2009. In Lucky MinmatPlease become a Premium member. If you are already a Premium member, login here to access the full content.
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