https://www.taxtmi.com/caselaws?id=204229 The appeal was allowed, granting the assessee deduction under section 80-IB for the profit derived from the industrial unit producing compound rubber. The court interpreted "manufacture or production" broadly, including intermediary products like compound rubber. The judgment emphasized the need to consider all relevant facts for claiming deductions under the Income Tax Act. The issue of interest earned by the new industrial unit was remanded for further assessment by the Assessing Officer based on factual details and relevant court decisions. en-us Tue, 21 Dec 2010 00:00:00 +0530 Sat, 22 Dec 2012 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204229 The appeal was allowed, granting the assessee deduction under section 80-IB for the profit derived from the industrial unit producing compound rubber. The court interpreted "manufacture or production" broadly, including intermediary products like compound rubber. The judgment emphasized the need to consider all relevant facts for claiming deductions under the Income Tax Act. The issue of interest earned by the new industrial unit was remanded for further assessment by the Assessing Officer based on factual details and relevant court decisions. Case-Laws Income Tax Tue, 21 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204229