Manufacturing of Route Marker entitled for deduction u/s 80IC as it’s covered in definition of manufacture – HC

Brief of the Case High Court held In the case of CIT vs. Ms Megha Dadoo that the product (Route Marker) produced by the assessee was commercially different from its raw material and also a commercially different product known in the market. The assessee was engaged in manufacturing of the said product. Therefore, the assessee was entitled to deduction claimed under Section 80IC of the Income tax act. Facts of the Case The ITO during assessment disallowed deduction under Section 80IC, claimed by the assessee. The assessee took the matter before the CIT (A) which affirmed the findings recorded b...