https://www.taxtmi.com/caselaws?id=65490 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. It concluded that the assessee, despite not owning the raw material, was engaged in manufacturing and exporting articles, thus eligible for exemption under section 10B of the Income Tax Act. The Tribunal emphasized the manufacturing process involved in converting gold bars into jewelry and clarified that ownership of raw material was not a prerequisite for claiming the exemption. en-us Fri, 30 Jan 2009 00:00:00 +0530 Tue, 31 Jul 2012 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65490 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal. It concluded that the assessee, despite not owning the raw material, was engaged in manufacturing and exporting articles, thus eligible for exemption under section 10B of the Income Tax Act. The Tribunal emphasized the manufacturing process involved in converting gold bars into jewelry and clarified that ownership of raw material was not a prerequisite for claiming the exemption. Case-Laws Income Tax Fri, 30 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65490