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| The Tax Publishers2020 TaxPub(DT) 3782 (Karn-HC) INCOME TAX ACT, 1961
Section 260A
When the matter was taken up for hearing, parties jointly submitted that the substantial question of law was answered by this Court vide judgment dated 19-1-2015 passed in ITA No.351/2009 connected with ITA No.352/2009. In view of aforesaid submissions and for reasons assigned in the aforesaid judgment, substantial question of law framed in this appeal was answered against the revenue.
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Appeal (High Court) - Entitlement to claim deduction under section 10B - Manufacturing activities or not - Substantial question of law
Whether Tribunal was justified in law in holding that assessee was engaged in manufacturing activities while assessee was only polishing the crystals and thereafter assembling the glass and crystals. Held: When the matter was taken up for hearing, parties jointly submitted that the substantial question of law was answered by this Court vide judgment dated 19-1-2015 passed in ITA No.351/2009 connected with ITA No.352/2009. In view of the aforesaid submissions and for the reasons assigned in the aforesaid judgment, substantial question of law framed in this appeal was answered against the revenue.
Followed:UOI v. Delhi Cloth & General Mills Co. Ltd. (1977) 1963 AIR 791 (SC) : 1977 TaxPub(EX) 0030 CIT v. Saint Gobain Crystals & Detectors India (P.) Ltd. 2015 TaxPub(DT) 2313 (Karn-HC)
REFERRED :
FAVOUR : In assessee's favour
A.Y. :
IN THE KARNATAKA HIGH COURT
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