https://www.taxtmi.com/caselaws?id=201895 The court determined that converting limestone into limestone powder qualifies as a manufacturing activity under sections 80-IA and 80-IB of the Income-tax Act, 1961. Citing legal precedents and definitions of "manufacture," the court emphasized the transformation of raw materials into new forms or combinations. By distinguishing between processing and manufacturing based on the nature of transformation, the court concluded that the conversion by stone crushers constitutes a manufacturing process, rejecting the Revenue's argument. The judgment clarified the relevance of the Lucky Minmat P. Ltd. v. CIT decision and established that such conversion activities indeed fall within the definition of manufacturing processes under the Income-tax Act. en-us Wed, 25 Nov 2009 00:00:00 +0530 Thu, 27 Dec 2012 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201895 The court determined that converting limestone into limestone powder qualifies as a manufacturing activity under sections 80-IA and 80-IB of the Income-tax Act, 1961. Citing legal precedents and definitions of "manufacture," the court emphasized the transformation of raw materials into new forms or combinations. By distinguishing between processing and manufacturing based on the nature of transformation, the court concluded that the conversion by stone crushers constitutes a manufacturing process, rejecting the Revenue's argument. The judgment clarified the relevance of the Lucky Minmat P. Ltd. v. CIT decision and established that such conversion activities indeed fall within the definition of manufacturing processes under the Income-tax Act. Case-Laws Income Tax Wed, 25 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201895