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of <h1>Forest Lessees May Qualify for Tax Deductions u/ss 80HH and 80J if Engaged in Manufacturing Activities.</h1> The circular addresses whether forest lessees engaged in extracting timber and other forest produce qualify for deductions under sections 80HH and 80J of the Income-tax Act, 1961. The Central Board of Direct Taxes, after consulting the Ministry of Law, concluded that eligibility depends on the nature of the lessees' activities. If the process involves manufacturing new saleable commodities beyond merely converting trees into firewood, the deductions under these sections are applicable. The instructions are directed to all Commissioners of Income-tax to inform relevant officers.
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