Supreme Court rules in favor of assessee on Section 80I benefit claim for photographic film manufacture

The Supreme Court allowed the civil appeal filed by the assessee for Assessment Year 1988-1989 regarding the claim of benefit under Section 80I of the Income Tax Act. The issue of cutting jumbo rolls of photographic films into smaller sizes constituting 'manufacture' was decided in favor of the assessee based on a previous court decision.

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The Supreme Court allowed the civil appeal filed by the assessee for Assessment Year 1988-1989 regarding the claim of benefit under Section 80I of the Income Tax Act. The issue of cutting jumbo rolls of photographic films into smaller sizes constituting 'manufacture' was decided in favor of the assessee based on a previous court decision.

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