Section 10B: Duty Drawback is not the income derived from undertaking

Brief of the case ITAT Jaipur held in case of  ACIT Vs. Smt. Ranjana Johari that if change made in the wooden article which resulted in to a new and different article then it would amount to manufacturing activity. The assessee, Ranjana Johari, had undertaken different activities to shape up the purchased semi finished goods and other articles into marketable commodity as artistic item along with different both in character and use than what was purchased. Its amounts to manufacturing and entire sale proceeds of the undertaking is not to be treated as profits but only difference between sale ...