Mining, cutting & polishing of Marble constitute ‘production’ for Section 80IB

CIT Kota Vs World Wide Stone (Rajasthan High Court)

The Rajasthan High Court recently delivered a significant judgment in the case of CIT Kota vs World Wide Stone. This case centered around whether certain activities, such as mining, cutting, and polishing of stones, qualify for deductions under Section 80 IB of the Income Tax Act. The court’s decision sheds light on the intricate definitions of ‘manufacture’ and ‘production’ in the context of tax law.

The appeals consolidated in this judgment involved common questions of law and fact, focusing

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