SC denies Section 80-IB deduction on manufacturing of polyurethane foam

Polyflex (India) Pvt. Ltd. Vs CIT (Supreme Court)

SC ruling denying 80IB claim to manufacturer of intermediary product for the end product falling under entry 25 of 11th schedule of Income Tax Act, 1961.

Sub- Whether deduction u/s 80IB can be claimed by a manufacturer of an item which falls under entry 25 of the eleventh schedule of the Income-tax Act,1961 which is not eligible for such claim?

The Supreme Court of India in this case was considering the c

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