For the Purpose of sub-section 14(c) of s. 80-IB term ‘begins to manufacture or produce articles or things’ means the manufacture or production for the purpose of commerce and not for the purpose of testing

Teracom Ltd. Vs ACIT (Bombay High Court)- Tribunal has failed to appreciate that the term “begins to manufacture or produce articles or things” has been interpreted to mean the manufacture or production for the purpose of commerce and not for the purpose of testing. According to the learned Counsel, the Tribunal has not properly appreciated this issue and has passed its conclusion on irrelevant material such as admission of the appellant that the appellant had resold the products and paid sales tax on it. In the submission of the l

Please become a Premium member. If you are already a Premium member, login here to access the full content.