Section 10AA Deduction eligible on Manufacturing Activity as per SEZ Act

CIT Vs Vetrivel Minerals (Madras High Court) The issue under consideration is whether the tribunal is correct in holding that the assessee is carrying on manufacturing activity as per SEZ Act, 2005 and hence eligible for deduction U/s.10AA? High Court states that the tribunal re-appreciated the factual position and found that there is a process of ‘manufacture’ as defined under the SEZ Act, which takes place in the SEZ unit and also pointed out that the Assessing Officer himself has accepted that the assessee’s unit, processed the raw materials by removing 10 to 20% impuritie...