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| The Tax Publishers2020 TaxPub(DT) 1172 (Mad-HC) : (2020) 315 CTR 0919 : (2020) 274 TAXMAN 0179 INCOME TAX ACT, 1961
Section 80-IA
Tribunal was justified in holding that the process of converting raw Urad into Urad Dhal is a manufacturing activity undertaken by the assessee and therefore, the assessee was entitled to deduction under section 80IA.
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Deduction under section 80-IA - Process of converting raw Urad into Urad Dhal - Whether a manufacturing activity -
Revenue filed present appeal before this court contending that Tribunal was not right in holding that the end product viz., dhall was different from the input product viz., gram and the assessee had engaged in manufacturing activity and eligible for deduction under section 80IB. Held: Process of converting Paddy into Rice is also a manufacturing activity. As decided in case of on CIT v. Muthuramalingam Modern Rice Mill (2019) 105 taxmann.com 39 (Mad) : 2019 TaxPub(DT) 2400 (Mad-HC) Tribunal was justified in holding that process of converting raw Urad into Urad Dhal is a manufacturing activity undertaken by assessee and therefore, assessee was entitled to deduction under section 80IA.
REFERRED : CIT v. Muthuramalingam Modern Rice Mill (2019) 105 taxmann.com 39 (Mad) : 2019 TaxPub(DT) 2400 (Mad-HC)
FAVOUR : In assessee's favour
A.Y. :
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