https://www.taxtmi.com/caselaws?id=61746 The Tribunal ruled in favor of the revenue, denying the tax benefits claimed by the assessee under sections 32 and 80HH of the Income-tax Act, 1961. The Tribunal determined that the centrifuging process did not amount to manufacturing as it did not materially alter the latex, leading to the conclusion that no manufacturing occurred. The ownership of raw material was deemed irrelevant, and since no manufacturing or production was established, the eligibility for tax benefits was disallowed. en-us Fri, 23 Dec 1983 00:00:00 +0530 Fri, 14 Jan 2011 16:23:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61746 The Tribunal ruled in favor of the revenue, denying the tax benefits claimed by the assessee under sections 32 and 80HH of the Income-tax Act, 1961. The Tribunal determined that the centrifuging process did not amount to manufacturing as it did not materially alter the latex, leading to the conclusion that no manufacturing occurred. The ownership of raw material was deemed irrelevant, and since no manufacturing or production was established, the eligibility for tax benefits was disallowed. Case-Laws Income Tax Fri, 23 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61746