https://www.taxtmi.com/caselaws?id=76013 The cutting and processing of stone, marble, and granite were deemed to constitute production for the purpose of claiming a deduction under Section 10B of the Income Tax Act, 1961. The Tribunal upheld that these activities added significant value to the raw material, resulting in commercially distinct end products. Despite not falling under traditional manufacturing, the skilled processes involved qualified as production, justifying the deduction. The Court affirmed the Tribunal's decision, emphasizing the broader scope of "production" compared to "manufacture," and dismissed the appeal for the assessment year in question. en-us Mon, 03 May 2010 00:00:00 +0530 Mon, 31 May 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76013 The cutting and processing of stone, marble, and granite were deemed to constitute production for the purpose of claiming a deduction under Section 10B of the Income Tax Act, 1961. The Tribunal upheld that these activities added significant value to the raw material, resulting in commercially distinct end products. Despite not falling under traditional manufacturing, the skilled processes involved qualified as production, justifying the deduction. The Court affirmed the Tribunal's decision, emphasizing the broader scope of "production" compared to "manufacture," and dismissed the appeal for the assessment year in question. Case-Laws Income Tax Mon, 03 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76013