https://www.taxtmi.com/caselaws?id=207166 The Tribunal held that the assessee was entitled to the deduction under section 10B of the Income-tax Act for manufacturing gherkin pickles, as the conversion process constituted "manufacture." The Tribunal found that the processes transformed raw gherkins into a distinct product, meeting the definition of "manufacture." Consequently, the assessee's appeals were allowed. Additionally, the Tribunal ruled in favor of the assessee regarding the disallowance of advance write-off, stating that the advances were crucial for the business and the failure of farmers to supply gherkins resulted in a revenue loss, justifying the write-off under section 37(1) of the Act. As a result, the Revenue's appeals were dismissed. en-us Fri, 26 Aug 2011 00:00:00 +0530 Sat, 03 Dec 2011 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207166 The Tribunal held that the assessee was entitled to the deduction under section 10B of the Income-tax Act for manufacturing gherkin pickles, as the conversion process constituted "manufacture." The Tribunal found that the processes transformed raw gherkins into a distinct product, meeting the definition of "manufacture." Consequently, the assessee's appeals were allowed. Additionally, the Tribunal ruled in favor of the assessee regarding the disallowance of advance write-off, stating that the advances were crucial for the business and the failure of farmers to supply gherkins resulted in a revenue loss, justifying the write-off under section 37(1) of the Act. As a result, the Revenue's appeals were dismissed. Case-Laws Income Tax Fri, 26 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207166