https://www.taxtmi.com/caselaws?id=63458 The Tribunal ruled in favor of the assessee, determining that the activities constituted manufacturing under section 80HHC. The Tribunal emphasized the liberal construction of the provision to encourage exports and earn foreign exchange. It held that the term "manufacture" should encompass "processing," aligning with sections 10A and 10B. The Tribunal deemed the amendment effective from 1-4-1991 as retrospective, entitling the assessee to benefits for both assessment years. Consequently, the relief claimed by the assessee was allowed for both years, with the CIT (Appeals) decision upheld for 1989-90 and overturned for 1990-91. en-us Wed, 06 Apr 1994 00:00:00 +0530 Mon, 31 Jan 2011 11:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63458 The Tribunal ruled in favor of the assessee, determining that the activities constituted manufacturing under section 80HHC. The Tribunal emphasized the liberal construction of the provision to encourage exports and earn foreign exchange. It held that the term "manufacture" should encompass "processing," aligning with sections 10A and 10B. The Tribunal deemed the amendment effective from 1-4-1991 as retrospective, entitling the assessee to benefits for both assessment years. Consequently, the relief claimed by the assessee was allowed for both years, with the CIT (Appeals) decision upheld for 1989-90 and overturned for 1990-91. Case-Laws Income Tax Wed, 06 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63458