https://www.taxtmi.com/caselaws?id=71892 The Special Bench concluded that the process of pasteurization and standardization of milk does not constitute manufacture or production under Sections 80-I and 80HHA of the Income Tax Act, 1961. Although pasteurization improves the milk's quality and shelf-life, it does not transform the milk into a new product. Consequently, the assessee is not entitled to claim deductions under the specified sections. The appeals by the assessee were rejected, and the appeals by the revenue were allowed. Judgment was pronounced on 5th June 2008. en-us Thu, 05 Jun 2008 00:00:00 +0530 Sun, 10 Dec 2023 19:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71892 The Special Bench concluded that the process of pasteurization and standardization of milk does not constitute manufacture or production under Sections 80-I and 80HHA of the Income Tax Act, 1961. Although pasteurization improves the milk's quality and shelf-life, it does not transform the milk into a new product. Consequently, the assessee is not entitled to claim deductions under the specified sections. The appeals by the assessee were rejected, and the appeals by the revenue were allowed. Judgment was pronounced on 5th June 2008. Case-Laws Income Tax Thu, 05 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71892